Siti Shaqira Binti Shamsuddin v Football Malaysia Plt (WA-28VA-2-11/2020)

High Court of Malaysia26 Feb 2026

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Malaysian judgment

Case metadata

Court: High Court of Malaysia
Decision date: 26 Feb 2026
Case number: WA-28VA-2-11/2020
Coram: YA Tuan Suhendran Sockanathan
Practice area: Company law – Corporate voluntary arrangement – Challenge to creditors’ meeting – Sections 396, 397, 399 and 400 Companies Act 2016 – Proposal for restructuring scheme – Appointment of nominee and supervisor – Convening of creditors’ meeting – Requirement to give notice to creditors – Whether notice properly served by certificate of posting and email – Whether actual receipt of notice necessary – Compliance with court-ordered mode of service – Validity of creditors’ meeting – Whether approval of CVA proposal binding on all creditors – Whether failure of service prejudiced right to participate and vote – Delay in challenging CVA – Whether application to set aside filed after inordinate delay – Whether court should unravel completed or ongoing restructuring – Whether challenge rendered academic – Whether outcome would differ if intervening creditor voted – Proof of debt process – Right to inspect proof of debts – Whether failure to challenge related party debts material – Principles governing setting aside of creditors’ meeting – Whether conduct of intervening creditor amounts to acquiescence – Whether interests of creditors and finality of restructuring outweigh procedural complaints
Version: Alasan Penghakiman 1
Published: 13 Apr 2026
Source ID: adc8a830-45fc-4659-ae8d-f7100b046014

Catchwords

Company law – Corporate voluntary arrangement – Challenge to creditors’ meeting – Sections 396, 397, 399 and 400 Companies Act 2016 – Proposal for restructuring scheme – Appointment of nominee and supervisor – Convening of creditors’ meeting – Requirement to give notice to creditors – Whether notice properly served by certificate of posting and email – Whether actual receipt of notice necessary – Compliance with court-ordered mode of service – Validity of creditors’ meeting – Whether approval of CVA proposal binding on all creditors – Whether failure of service prejudiced right to participate and vote – Delay in challenging CVA – Whether application to set aside filed after inordinate delay – Whether court should unravel completed or ongoing restructuring – Whether challenge rendered academic – Whether outcome would differ if intervening creditor voted – Proof of debt process – Right to inspect proof of debts – Whether failure to challenge related party debts material – Principles governing setting aside of creditors’ meeting – Whether conduct of intervening creditor amounts to acquiescence – Whether interests of creditors and finality of restructuring outweigh procedural complaints

Parties

1. ) SITI SHAQIRA BINTI SHAMSUDDIN - pencadang - ejudgment_parties
2. ) IFLIX SDN BHD - pencadang - ejudgment_parties
FOOTBALL MALAYSIA PLT - pencelah - ejudgment_parties

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Catchwords