Insolvency
4 cases · June 2025 to October 2025
Key Issues & Sub-Topics
Bankruptcy — Leave to institute bankruptcy proceedings — s. 5(3)(b) Insolvency Act 1967 — Appeal against Registrar’s order — Scope of court’s review Guarantee — Commercial guarantee — Not a social guarantee — s. 2 Insolvency Act 1967 — Personal liability of guarantor — Joint and several obligations Insolvency — Exhaustion of execution remedies — s. 5(4) Insolvency Act 1967 — Whether creditor required to exhaust all modes listed in s. 5(6) — Futility principle — Principal debtor wound up Company insolvency — Effect of winding-up of principal debtor — Assets vesting in liquidator — Creditor precluded from further execution — Bankruptcy against guarantor proper 1 Receivers and Managers — Sale of property by receivers during pending judicial management application — Validity of Sale and Purchase Agreement — Whether SPA enforceable — Whether plaintiff has locus standi to challenge SPA — Whether breach of section 410 Companies Act 2016 — Whether misconduct by receivers or chargee bank — Companies Act 2016, s. 410 1 Bona fide dispute on debt — Retention sum under deed of settlement — Whether debt genuinely disputed on substantial grounds — Debt forming subject matter of pending civil suit 1 Presumption of insolvency — Whether Respondent able to rebut presumption of insolvency — No audited financial statements produced — Failure to show solvency through credible evidence — Commercial insolvency test applied — Insolvency remains unrebutted — Company ordered to be wound up 1
Receivers and Managers — Sale of property by receivers during pending judicial management application — Validity of Sale and Purchase Agreement — Whether SPA enforceable — Whether plaintiff has locus standi to challenge SPA — Whether breach of section 410 Companies Act 2016 — Whether misconduct by receivers or chargee bank — Companies Act 2016, s. 410 1 case
Bona fide dispute on debt — Retention sum under deed of settlement — Whether debt genuinely disputed on substantial grounds — Debt forming subject matter of pending civil suit 1 case
Presumption of insolvency — Whether Respondent able to rebut presumption of insolvency — No audited financial statements produced — Failure to show solvency through credible evidence — Commercial insolvency test applied — Insolvency remains unrebutted — Company ordered to be wound up 1 case
Court Distribution
Key People & Firms
Cases
ca-29ncc-256-09-2024
PEMIUTANG PENGHAKIMAN SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD PENGHUTANG PENGHAKIMAN AHMAD TAHFIZ BIN ISHAK
21 October 2025
MYHC
wa-22ncc-142-03-2025
Prismaworld Embassyview Sdn Bhd v 1. ) Tanah Bayumas Sdn Bhd 2. ) Adam Primus Varghese Bin Abdullah Daripada Adamprimus & Co, Plt (Sebagai Penerima Dan Pengurus Prismaworld Embassyview Sdn Bhd) Macpherson Simon Daripada Adamprimus & Co, Plt (Sebagai Penerima Dan Pengurus Prismaworld Embassyview Sdn Bhd) 830308136071 3. ) RHB Bank Berhad
21 September 2025
MYHC
ca-28ncc-2-01-2025
TASTOD CONSTRUCTION (M) SDN BHD v CONNECTION VENTURES SDN BHD
2 September 2025
MYHC
wa-28ncc-249-03-2024
AMBANK ISLAMIC BERHAD v WS RENT-A-CAR SDN. BHD.
12 June 2025
MYHC