LTB MARKETING Sdn Bhd
About LTB MARKETING Sdn Bhd
LTB MARKETING Sdn Bhd appears in 3 reported Malaysia court cases (2023–2025). LTB MARKETING Sdn Bhd is recorded as Applicant (1), Respondent (1) and Defendant (1). These cases were heard before MYHC (3).
On the court record
Illustrates the two-sided position of a distressed automotive group — seeking scheme-of-arrangement protection while defending banking recovery and foreclosure claims on its facilities and guarantees.
LTB Marketing Sdn Bhd appears in the reported judgments as a company within an automotive corporate group facing both a scheme-of-arrangement restructuring and banking-recovery litigation in the High Court (Mahkamah Tinggi). Named alongside related supply and holding companies and individual guarantors, it features on the applicant side of a corporate-rescue attempt and on the defendant side of lenders' claims.
In one matter the company was among a group of applicants seeking leave under sections 366 and 368 of the Companies Act 2016 to convene a creditors' meeting to present a scheme of arrangement and to restrain proceedings. The applicants proposed a revised scheme after an earlier scheme had been withdrawn following creditor opposition, and the court had allowed both secured and unsecured creditors to intervene and oppose. The issues included whether the revised scheme was genuinely different and contained better particulars, and whether it disclosed sufficient information for leave to be granted — the court's gatekeeping questions at the leave stage of a scheme.
On the recovery side, the company featured in an order-for-sale matter where the court asked whether the defendant had proven cause to the contrary, noted the absence of a Certificate of Indebtedness, and considered whether the defendant was bound by the facilities agreement and whether the calculation of the final amount owed was correct. In a further decision the company was a defendant to a bank's summary-judgment claim under Order 14 of the Rules of Court 2012 on a facilities agreement and guarantee letters, the court examining the effect of the Certificate of Indebtedness, the burden of proof, whether there was a manifest error, whether deductions from a service reserve account had to be notified, and whether the lender could take concurrent action against the borrower. Across the matters, the company illustrates the two-sided position of a distressed group — seeking scheme protection while defending recovery and foreclosure claims on its facilities and guarantees.
How many Malaysia court cases involve LTB MARKETING Sdn Bhd?
LTB MARKETING Sdn Bhd appears in 3 reported Malaysia court cases (2023–2025).
Which courts does LTB MARKETING Sdn Bhd appear in?
LTB MARKETING Sdn Bhd appears before MYHC (3).
What did the court weigh at the leave stage of the scheme of arrangement involving LTB Marketing Sdn Bhd?
Whether a revised scheme, proposed after an earlier one was withdrawn on creditor opposition, was genuinely different and contained better particulars, and whether it disclosed sufficient information for leave to be granted under sections 366 and 368 of the Companies Act 2016 to convene a creditors' meeting and restrain proceedings.
What issues arose in the order-for-sale and summary-judgment recovery matters?
Whether the defendant had proven cause to the contrary, the absence and effect of a Certificate of Indebtedness, whether the defendant was bound by the facilities agreement, whether there was a manifest error in the calculation, and whether the lender could take concurrent action against the borrower — under Order 14 of the Rules of Court 2012.