Dato’ Gan Ah Tee Likuidasi untuk Lingkaran Luar Butterworth Sdn Bhd (Dalam Likuidasi)

Organisation 1 case

About Dato’ Gan Ah Tee Likuidasi untuk Lingkaran Luar Butterworth Sdn Bhd (Dalam Likuidasi)

Dato’ Gan Ah Tee Likuidasi untuk Lingkaran Luar Butterworth Sdn Bhd (Dalam Likuidasi) appears as a party in 1 judgment in the MY Case Law database, spanning January 2026 to January 2026. Dato’ Gan Ah Tee Likuidasi untuk Lingkaran Luar Butterworth Sdn Bhd (Dalam Likuidasi) appeared as applicant in 1 case. Cases span the High Court (1).

How many court cases involve Dato’ Gan Ah Tee Likuidasi untuk Lingkaran Luar Butterworth Sdn Bhd (Dalam Likuidasi)?

Dato’ Gan Ah Tee Likuidasi untuk Lingkaran Luar Butterworth Sdn Bhd (Dalam Likuidasi) appears in 1 published judgment from January 2026 to January 2026. Most commonly as applicant (1 cases).

Practice Areas

Summons for directions-the entitlement of the secured creditors to claim interest after the making of the winding-up order- whether the sum received from the Government of Malaysia forms part of the secured assets of the Financiers or is available to the general estate- whether, by operation of section 524(3)(b) CA 2016 read with section 8(2A) of the Insolvency Act 1967 (“IA 1967”) and section 4 of the Civil Law Act 1956 (“CLA 1956”), the Financiers are entitled to interest accruing after 29 August 2018- whether the Judgment Sum is subject to the security interests of the Financiers or forms part of the unencumbered assets of the Company-Section 524(3)(b) CA 2016, read together with section 8(2A) IA 1967, provides that a secured creditor who does not realise its security within the stipulated period is not entitled to interest accruing after the winding-up order- the provision does not confer a discretion on the Court-it imposes a statutory consequence- winding-up order therefore remained effective in law from 29 August 2018, notwithstanding the stay orders- It is unnecessary to determine whether there was any temporal gap between the various stay orders-even if the stays were continuous, they do not affect the operative date of the winding-up order for the purposes of section 524(3)(b)- The Financiers did not realise their security within the statutory period. Accordingly, by operation of section 524(3)(b) CA 2016 read with section 8(2A) IA 1967 and section 4 CLA 1956, interest ceased to accrue thereafter- the Judgment Sum became part of the credit balance of an assigned Project Account and therefore forms part of the secured assets of the Financiers- The Syndicated Financiers and Bank Pembangunan Malaysia Berhad, whether in its capacity as a Syndicated Financier or as Government Support Loan Financier, are not entitled to interest accruing after 29 August 2018.-the Liquidator is directed to take an account of any post-winding-up interest charged or retained after that date and to make the necessary adjustments in accordance with law-the judgment sum forms part of the secured assets subject to the security interests of the Syndicated Financiers. 1

Applicant (1)

ba-28pw-191-07-2024 MYHC

Dato’ Gan Ah Tee Likuidasi untuk Lingkaran Luar Butterworth (Penang) Sdn Bhd (Dalam Likuidasi) PENCELAH IJM CONSTRUCTION SDN BHD PIHAK TERKILAN 1. ) Bank Kerjasama Rakyat Malaysia Berhad 2. ) Bank Pembangunan Malaysia Berhad 3. ) CIMB Bank Berhad 4. ) Hong Leong Bank Berhad

8 January 2026