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20 February 2024

Our Litigation Partner, Idza Hajar Ahmad Idzam, and Legal Associate, Ng Ying Ci, recently played instrumental roles in securing a favourable outcome for CIMB Bank Berhad, a secured creditor of Sawit Raya Sdn. Bhd.


The matter at hand involved the appointment of ad-interim judicial managers for the management of Sawit Raya Sdn Bhd. This decision follows the filing of three separate applications by distinct parties, all seeking to place Sawit Raya Sdn Bhd under judicial management.

Previous Success and Ongoing Commitment
We have successfully represented CIMB Bank Berhad and placed Sawit Raya under the Judicial Management of Andrew Heng and Kumarakuru a/l Jai Prakash Krishnan of Messrs. Baker Tilly Insolvency PLT in early 2023. Now, as the previous Judicial Management Order has expired, three separate applications, including CIMB Bank Berhad's, have been filed to once again place Sawit Raya under judicial management.

Appointment of Ad-Interim Judicial Managers
Of notable importance is the fact that two different sets of judicial managers were proposed during the proceedings. However, the court ultimately decided in favour of Messrs. Baker Tilly Insolvency PLT nominated by CIMB Bank Berhad.

With this recent ruling, parties no longer have to wait for the formal disposal of an application for judicial management and/or an application for the appointment of interim judicial manager(s) before a company is placed under the management of judicial managers. This has the effect of streamlining and expediting the commencement of the judicial management process.

Leave to Intervene
In addition to filing a fresh application to place Sawit Raya Sdn Bhd under judicial management, our firm has also obtained leave for CIMB Bank Berhad to intervene in the two other proceedings.

For more insights into this area of law, please contact our Litigation Partners:
P Jayasingam
Wong Keat Ching
Thavaselvi Pararajasingam
Idza Hajar Ahmad Idzam
Nan Muhammad Ridhwan Rosnan


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