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HIGH COURT (KUALA LUMPUR)
AZLAN SULAIMAN, J
Re Lim Sue Beng; – Appellant
Versus
Ambank (M) Bhd & Ors – Respondent


Advocates:
Lua Ai Sew (Aili Alef Hamimi Aznan with her) (Soo Thien Ming & Nashrah) for the judgment creditors.
Jasneeta Bhullar (Azmi Fadzly Maha & Sim) for the judgment debtor.

Table of Content
1. overview of appeals and applications (Para 1 , 2 , 3 , 4 , 5)
2. key facts of judgment and bankruptcy notice (Para 6 , 7 , 8 , 9 , 10)
3. analysis of jd's grounds for appeal (Para 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19)
4. criteria for granting a stay under section 97 (Para 24 , 25 , 26)
5. sufficient reasons for stay of bankruptcy proceedings (Para 27 , 28 , 29 , 30 , 31)
6. decision and concluding orders (Para 32 , 33)

[1]This Grounds of Judgment is on two appeals and one application by the Judgment Debtor (“JD”).

[2]The first appeal is in Enclosure 44 (“Enclosure 44 Appeal”), and is the JD’s appeal against the decision of the Senior Assistant Registrar (“SAR”) given on 24.3.2022 dismissing the JD’s application by affidavit in Enclosure 4 under rule 93 of the Insolvency Rules, 2017 (“Enclosure 4 Application”) to set aside the Bankruptcy Notice dated 15.1.2021 that was issued against him (“BN”).

[3]The second appeal is in Enclosure 45 (“Enclosure 45 Appeal”), and is the JD’s appeal against the decision of the SAR also given on 24.3.2022 dismissing the JD’s application in Enclosure 10 (“Enclosure 10 Application”) to set aside the BN.

[4]The application is in Enclosure

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