IJM CONSTRUCTION Sdn Bhd

Organisation 1 case

About IJM CONSTRUCTION Sdn Bhd

IJM CONSTRUCTION Sdn Bhd appears as a party in 1 judgment in the MY Case Law database, spanning January 2026 to January 2026. IJM CONSTRUCTION Sdn Bhd appeared as intervener in 1 case. Cases span the High Court (1).

How many court cases involve IJM CONSTRUCTION Sdn Bhd?

IJM CONSTRUCTION Sdn Bhd appears in 1 published judgment from January 2026 to January 2026. Most commonly as intervener (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

Intervener (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