Orix Leasing Malaysia Berhad PIHAK TERKILAN 1. ) MFT RESOURCES SDN BHD 2. ) HONG LEONG BANK BERHAD 3. ) Kerajaan Malaysia v BATU KEMAS INDUSTRI SDN BHD
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Orix Leasing Malaysia Berhad PIHAK TERKILAN 1. ) MFT RESOURCES SDN BHD 2. ) H... is a High Court (Mahkamah Tinggi) decision dated November 23, 2025 (citation: wa-28pw-269-06-2025). <p>The administrator of the deceased majority contributory of Batu Kemas Industri Sdn Bhd (wound up in 2006) applied for a 12-month interim stay of the winding up order to pursue reparations from TNB and the Government arising from a power disruption incident that damaged the company's factory. The court considered whether the stay should be granted given opposition from financial creditors Hong Leong Bank and Orix Leasing, and the Official Receiver. The application was dismissed, with the court The case was decided by Suhendran Sockanathan. Counsel appearing: Abdullah Az-Zubayr (counsel for applicant), Aizatul Aina (counsel for respondent), Bushro Anuar (counsel for applicant), Chuan Li (counsel petitioner), Dato John Clark Sumugod (counsel petitioner), Mohd Afwan bin Hajiman (counsel for respondent).
Summary
The administrator of the deceased majority contributory of Batu Kemas Industri Sdn Bhd (wound up in 2006) applied for a 12-month interim stay of the winding up order to pursue reparations from TNB and the Government arising from a power disruption incident that damaged the company's factory. The court considered whether the stay should be granted given opposition from financial creditors Hong Leong Bank and Orix Leasing, and the Official Receiver. The application was dismissed, with the court holding that the opposition of the Bank and OR, combined with the premature and speculative nature of the restoration plans, made it appropriate for the Official Receiver to complete the administration of the estate.
What was the outcome of Orix Leasing Malaysia Berhad PIHAK TERKILAN 1. ) MFT RESOURCES SDN BHD 2. ) H...?
<p>The administrator of the deceased majority contributory of Batu Kemas Industri Sdn Bhd (wound up in 2006) applied for a 12-month interim stay of th...