MAJU HOLDINGS SDN BHD PENCELAH 1. ) BRIDGEX SDN BHD 2. ) Maybank Islamic Berhad 3. ) ANTAH SCHINDLER SDN. BHD. 4. ) ZAFAS SDN BHD

wa-28jm-18-05-2024 High Court (Mahkamah Tinggi) 18 November 2025 • WA-28JM-18-05/2024

Catchwords

Company Law - Judicial Management - Application for judicial management order - Companies Act 2016, ss.404 and 405 - Whether objectives in s.405(1)(b)(i) likely to be achieved - survival of company as a going concern - Severe insolvency - Subordination of related creditors - Lack of viable plan to restore solvency - Reliance on future construction project - Absence of proof of financing - Speculative rehabilitation proposal - Strict proof required - Whether judicial management order ought to be refused.

Practice Areas

Company Law

Judges (1)

Suhendran Sockanathan Delivered

Parties (5)

ANTAH SCHINDLER Sdn Bhd Intervener BRIDGEX Sdn Bhd Intervener MAJU HOLDINGS Sdn Bhd Applicant MAYBANK ISLAMIC BERHAD Intervener ZAFAS Sdn Bhd Intervener

Case Significance

MAJU HOLDINGS SDN BHD PENCELAH 1. ) BRIDGEX SDN BHD 2. ) Maybank Islamic Berh... is a High Court (Mahkamah Tinggi) decision dated November 18, 2025 (citation: wa-28jm-18-05-2024). The case was decided by Suhendran Sockanathan.

What was the outcome of MAJU HOLDINGS SDN BHD PENCELAH 1. ) BRIDGEX SDN BHD 2. ) Maybank Islamic Berh...?

MAJU HOLDINGS SDN BHD PENCELAH 1. ) BRIDGEX SDN BHD 2. ) Maybank Islamic Berh... is a High Court decision dated November 18, 2025. The case was heard by Suhendran Sockanathan. See the full judgment for details.