HIGH COURT MALAYA SUNGAI PETANI
LPC INVESTMENT HOLDINGS SDN BHD – Appellant
Versus
KETUA PENGARAH INSOLVENSI MALAYSIA – Respondent
JUDGMENT
Introduction
[1] On 29 July 2025, this Court dismissed the Plaintiffs application in Enclosure 1. The following are the reasons for the decision.
Background Facts
[2] Briefly, the background facts leading to encl 1 are as follows. The Plaintiff entered into a consent judgment with one Chan Kok Leong (NRIC No: 530304-02-5169) (Chan), a bankrupt, and other defendants in suit no: KB-22NCVC-14- 04/2021 on 28 August 2022.
[3] The terms of the consent judgment included that Chan and the other defendants agreed to be jointly and severally liable to pay the Plaintiff a sum of RM300,000.00 within 12 months of the date of the consent judgment. In the event of default, the Plaintiff would be entitled to enforce their lien-holder's caveats over properties held under the description of:
(i) Lot 14328, Geran No 59913 (dahulunya dipegang di bawah Geran No. 10400), Bandar Sungai Petani, Daerah Kuala Muda, Negeri Kedah Darul Aman bearing address No: 578, Lorong 12, Taman Bandar Baru, 08000 Sungai Petani, Kedah Darul Aman (Property 578);
(ii) Lot 9154, Geran No 79167, Bandar Sungai Petani, Daerah Kuala Muda, Negeri Kedah Darul Aman bearing address No: B42, Jalan Baiduri
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