Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part VI · Management of Assets and Liabilities
25A. Appointment of Special Administrator
Official textFrom Laws of Malaysia Online, unchanged
For the purposes of sections 23 and 24, the Corporation may, with the approval of the Oversight Committee, appoint the
Special Administrator of the affected person.
Special Administrator
“Special Administrator” means the person appointed under section 23 or 24;
The Corporation may at any time after the appointment of the
Special Administrator under subsection (1), with the approval of the
Oversight Committee, appoint an additional Special Administrator and may, at any time, appoint a new Special Administrator to replace any existing Special Administrator.
Any decision of the Corporation under this section and sections 23, 24 and 25 shall be final and binding and shall not be reviewed, quashed, appealed against or set aside by any court.
Pengurusan Danaharta Nasional Berhad 35
Terms defined in this Act
affected person
Defined · s 21“affected person” means— (a) any company owing a duty or liability under a credit facility to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; (b) any subsidiary of the company referred to in paragraph (a); (c) any company which has provided security for the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent; or Pengurusan Danaharta Nasional Berhad 31 (d) any company where at least two per cent of its share capital has been charged, pledged or mortgaged by any person to secure the performance of or discharge of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether present, future, vested or contingent;
Special Administrator
Defined · s 2“Special Administrator” means the person appointed under section 23 or 24;
Part VII
Additional Rights
Part VIII
Application of Other Acts
Part IX
Application of the Act
Part X