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10 February 2023. Friday
KUALA LUMPUR (Feb 10): The High Court (commercial division) on Friday (Feb 10) granted an ad-interim stay (temporary stay) to Serba Dinamik Holdings Bhd (SDHB) and its three subsidiaries of the winding-up order against them.
The temporary stay order was granted by judge Ahmad Murad Abdul Aziz, pending the hearing of the companies’ permanent stay application fixed for hearing on March 6.
“The court does not think that the creditors would be prejudiced much with this ad-interim stay order, which would last approximately three weeks.
“Hence, the order for ad-interim stay is granted with the condition that the liquidator appointed, be retained (until then),” he added.
Ahmad Murad said he would hear the permanent stay application of the four companies on March 6, followed by a decision on March 9. He said he does not want to keep it too long, as it may affect the creditors.
Besides SDHB, the other companies that applied for the ad-interim stay were Serba Dinamik International Ltd, Serba Dinamik Sdn Bhd and Serba Dinamik Group Bhd.
They sought the ad-interim stay before the hearing of the permanent stay of the winding-up order pending the four companies’ appeal to the Court of Appeal.
Serba Dinamik was represented by Datuk Malik Imtiaz Sarwar and Mak Lin Kum.
More to come
