Serba Dinamik, subsidiaries get temporary stay of winding-up order
Serba Dinamik Holdings Bhd and its three subsidiaries obtain an ad interim stay of the winding-up order granted by the High Court against them. – Twitter pic, February 10, 2023.
Judge Ahmad Murad Abdul Aziz also ordered that the appointed interim liquidator be retained until the disposal of the full stay application. Murad made the decision in proceedings conducted online. Lawyers Malik Imtiaz, L.K. Mak, Wong Ming Yen and Sandra Tan acted for Serba Dinamik and the subsidiaries as the applicants.
The six financial institutions acting as the suit’s petitioners are Standard Chartered Saadiq Bhd, HSBC Amanah Malaysia Bhd, AmBank Islamic Bhd, MIDF Amanah Investment Bank Bhd, United Overseas Bank Bhd and Bank Islam Malaysia Bhd.On January 30, the Serba Dinamik companies filed a motion for a stay of the winding-up order, pending their appeal to the Court of Appeal.
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