WA-28JM-17-05/2024
High Court of Malaysia25 Feb 2025
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“ity of this document via eFILING portal 2 JUDGMENT INTRODUCTION [1] This is the Applicant’s application in Enclosure 1 to be placed under Judicial Management (“JM”) pursuant to section 465 of the Companies Act 2016 (“CA 2016”). [2] On the objection by two (2) secured creditors, namely Bank Pembangunan Malaysia Berhad,”
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IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR (COMMERCIAL DIVISION) COMPANIES WINDING-UP NO.: WA-28JM-17-05/2024 BETWEEN GOLDEN WAVE SDN BHD [(No. Syarikat: 199001002293 (193856-U)] … APPLICANT AND SABAH DEVELOPMENT BANK BERHAD [(No. Syarikat: 197701003571 (34638-W)] … RESPONDENT
1
This is the Applicant’s application in Enclosure 1 to be placed under Judicial Management (“JM”) pursuant to section 465 of the Companies Act 2016 (“CA 2016”).
2
On the objection by two (2) secured creditors, namely Bank Pembangunan Malaysia Berhad, and Sabah Development Bank Berhad, I dismissed this application under the provisions of section 409 of the Companies Act 2016.
3
After the filing of the appeal against my dismissal of the application in Enclosure 1, the Applicant’s counsel informed me that their client is not proceeding with the appeal. However, they cannot file a Notice of Discontinuance of the Appeal until the court of Appeal decides on the issue of costs, since the Respondents are asking for costs of the appeal to be paid before agreeing to the discontinuance.
4
For the above reasons I see no further need to write grounds. Dated 07 April 2025 …………t.t….……………. Ahmad Murad Bin Abdul Aziz Judge High Court of Malaya Kuala Lumpur COUNSEL FOR THE APPLICANT: SITI SARAH SOLICITORS FOR THE APPLICANT: TETUAN REDZA ELEENA CHONG COUNSEL FOR THE INTERVENER: NG HOOI HUANG WITH TAN WEY MAY AND TAN MIN ER SOLICITORS FOR THE INTERVENER: TETUAN SHOOK LIN BOK Cases Referred to: ➢ Legislation Referred to: ➢ Companies Act 2016 Decision date: 25 February 2025
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