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Section 5

Conditions on which creditor may petition

of Insolvency Act 1967

ActIn forceProvision 7 of 143
Section 5

*(1)  A creditor shall not be entitled to present a bankruptcy petition against a debtor unless—

**(a) the debt owing by the debtor to the petitioning creditor, or if two or more creditors join in the petition the aggregate amount of debts owing to the several petitioning creditors, amounts to ***one hundred thousand ringgit;