TETUAN KRISH MANIAM & CO v Sarawak Cable Berhad PENCELAH 1. ) Leader Cable Industry Bhd (Dalam Likuidasi) 2. ) Universal Cable (M) Berhad (Dalam Likuidasi) 3. ) MAHMUD ABU BEKIR TAIB PIHAK TERKILAN 1. ) Hong Leong Islamic Bank Berhad 2. ) AmBank (M) Berhad 3. ) LIM SIN HAN
Catchwords
COMPANY LAW: Section 414 Companies Act 2016 - Financially distressed company - Interim Judicial Manager appointed - Application by interim Judicial Manager to seek directions from the Court - Utilisation of monies held by interim Judicial Manager - Application to discontinue Originating Summons TRUSTS: Monies owed to the financially distressed company - Whether monies held on trust in favour of Banks - Whether there was intention to create trust - Quistclose trust - Whether monies held on a Quistclose trust - Concept of dual trust mode propounded in Barclays Bank Ltd v. Quistclose Investments Ltd - Quistclose-type of trust in PECD Bhd (In Liquidation) v AmTrustee Bhd
Practice Areas
Judges (1)
Parties (8)
AMBANK BERHAD Aggrieved Party Hong Leong Islamic Bank Berhad Aggrieved Party Sarawak Cable Berhad Respondent TETUAN KRISH MANIAM & CO Applicant Universal Cable Berhad (Dalam Likuidasi) Intervener Leader Cable Industry Bhd (dalam Likuidasi) Intervener Lim Sin Han Aggrieved Party Mahmud Abu Bekir Taib Intervener
Case Significance
TETUAN KRISH MANIAM & CO v Sarawak Cable Berhad PENCELAH 1. ) Leader Cable In... is a High Court (Mahkamah Tinggi) decision dated November 3, 2025 (citation: wa-28jm-21-07-2024). The case was decided by Elaine Yap Chin Gaik.
What was the outcome of TETUAN KRISH MANIAM & CO v Sarawak Cable Berhad PENCELAH 1. ) Leader Cable In...?
TETUAN KRISH MANIAM & CO v Sarawak Cable Berhad PENCELAH 1. ) Leader Cable In... is a High Court decision dated November 3, 2025. The case was heard by Elaine Yap Chin Gaik. See the full judgment for details.