PASTPRESENTFUTURE SDN BHD (dahulunya dikenali sebagai Poly Ritz Development Sdn Bhd) PENCELAH 1. ) WAN SAZALI BIN WAN AB GHANI (BERTINDAK DALAM KAPASITI SEBAGAI PENTADBIR HARTA PUSAKA WAN AB GHANI BIN WAN YUSUF 2. ) KEH CHUAN SENG 3. ) TMH EVERISE SDN. BHD.

wa-28jm-8-06-2025 High Court (Mahkamah Tinggi) 2 December 2025 • WA-28JM-8-06/2025

Catchwords

Company law – Judicial management – Application for judicial management order – Application to intervene – Whether unsecured creditors have locus standi to intervene and be heard – Conflicting Court of Appeal decisions – Interpretation of Companies (Corporate Rescue Mechanism) Rules 2018, r. 13 – Whether r. 13 restricts right of appearance only to secured creditors and veto holders – Purpose of judicial management proceedings – Whether High Court may choose between conflicting appellate authorities – Whether leave to intervene granted

Practice Areas

Company law

Judges (1)

Suhendran Sockanathan Delivered

Parties (4)

PASTPRESENTFUTURE Sdn Bhd Applicant TMH EVERISE Sdn Bhd Intervener Keh Chuan Seng Intervener Wan Sazali bin Wan Ab Ghani (bertindak Dalam Kapasiti Sebagai Pentadbir Harta Pusaka Wan Ab Ghani bin Wan Yusuf Intervener

Case Significance

PASTPRESENTFUTURE SDN BHD (dahulunya dikenali sebagai Poly Ritz Development S... is a High Court (Mahkamah Tinggi) decision dated December 2, 2025 (citation: wa-28jm-8-06-2025). The case was decided by Suhendran Sockanathan.

What was the outcome of PASTPRESENTFUTURE SDN BHD (dahulunya dikenali sebagai Poly Ritz Development S...?

PASTPRESENTFUTURE SDN BHD (dahulunya dikenali sebagai Poly Ritz Development S... is a High Court decision dated December 2, 2025. The case was heard by Suhendran Sockanathan. See the full judgment for details.