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IMPONOTIVE AUTO Sdn Bhd
Organisation 1 case
About IMPONOTIVE AUTO Sdn Bhd
IMPONOTIVE AUTO Sdn Bhd appears as a party in 1 judgment in the MY Case Law database, spanning March 2025 to March 2025. IMPONOTIVE AUTO Sdn Bhd appeared as applicant in 1 case. Cases span the High Court (1).
How many court cases involve IMPONOTIVE AUTO Sdn Bhd?
IMPONOTIVE AUTO Sdn Bhd appears in 1 published judgment from March 2025 to March 2025. Most commonly as applicant (1 cases).
Practice Areas
Section 366 & 368 Companies Act 2016 1 Issues: (i) whether revised scheme is different and containing better particulars; (ii) whether particulars in revised scheme contains sufficient information for leave to be granted; and (iii) whether the Interveners' opposition to the application relevant to the determination whether leave ought to be granted 1 Findings: (i) revised scheme was not substantially different from previous scheme; (ii) revised scheme did not contain enough information and particulars to explain how the scheme will be executed and how funds will be raised to pay liabilities; (iii) the secured and unsecured creditors opposition to the revised scheme indicates the sentiment that will be carried to the creditors meeting and therefore the application is futile since the applicants will not be able to secure 75% votes of creditors present at the creditors' meeting. 1 Held: Application dismissed. 1