RE J RAJU JAYARAMAN M KERPAYA EX P OCBC BANK (M) BHD vs .

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2000 MarsdenLR 1369

ZALEHA ZAHARI
RE J RAJU JAYARAMAN M KERPAYA EX P OCBC BANK (M) BHD – Appellant
Versus
. – Respondent

Advocates:
For the appellant/debtor - Saranjit Singh; M/s Jayaraman Ong & Co For the respondent/creditor - WM Lee; M/s Shook Lin & BokReported by Cindy Chan

Table of Content
1. overview of facts establishing the context of the bankruptcy appeal. (Para 2 , 3 , 5)
2. debates surrounding the merits of granting a stay in bankruptcy proceedings. (Para 6)
3. court observations reinforcing the need for timely adjudication in bankruptcy matters. (Para 7)
4. court's rationale explaining the denial of the stay application. (Para 9)

JUDGMENT

Zaleha Zahari J:

Enclosure (66) is an appeal against the senior assistant registrar's decision dated 23 November 1996 in granting an order-in-terms of two applications for stay filed on 19 April 1993 (encl. (36)), and that filed on 16 November 1995 (encl. (46)), by the judgment debtor, J Raju Jayaraman a/l Kerpaya (hereinafter referred to as the "judgment debtor").

The prayers sought by the judgment debtor in these two application reads as follows:

Enclosure 36

That all proceedings in the above Bankruptcy action and or the Creditor's Petition be stayed until after due determination of:

(a) The proceedings in Kuala Lumpur High Court Suit No. S3-22-583-92;

(b) The proceedings in Kuala Lumpur High Court Originating Summons No. 31-1069-92;

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2000 MarsdenLR 1369

ZALEHA ZAHARIRE J RAJU JAYARAMAN M KERPAYA EX P OCBC BANK (M) BHD – AppellantVersus. – Respondent

Cases Referred (2)

ZALEHA ZAHARI
RE J RAJU JAYARAMAN M KERPAYA EX P OCBC BANK (M) BHD – Appellant
Versus
. – Respondent