KUALA LUMPUR (June 18): A creditor on Thursday withdrew its application to place MEX highway concessionaire Maju Holdings Sdn Bhd under judicial management (JM).
High Court judge Jamhirah Ali allowed the striking out of the application by design and build firm Pembinaan Melima (M) Sdn Bhd, and also ruled that any such bids in respect of Maju Holdings in future shall not be made without first obtaining leave from the court.
Judge Jamhirah ordered Pembinaan Melima to pay RM3,000 in costs to Bridgex Sdn Bhd, and another RM3,000 to 14 other respondents including Credit Guarantee Corporation Malaysia Bhd.
The court also ordered Pembinaan Melima to pay RM1,000 costs to Maju Holdings and the proposed intervener Maybank Islamic Bhd.
Bridgex along with the 14 other respondents had objected to Maju Holdings being placed under JM. This is despite Bridgex and the other creditors earlier supporting Pembinaan Melima’s application for Maju Holdings to be placed under interim JM in December 2025.
Maju Holdings itself had earlier applied to undergo JM but this was dismissed by the High Court in November last year. This then resulted in Maju Holdings facing winding-up petitions from Bridgex and the others.
In Thursday's proceedings, counsel Umesh Nerwin Nair appeared for Pembinaan Melima, while Bridgex was represented by Ivanpal Singh Grewal.
Counsel Noor Syakirah Khalil represented Maju Holdings, while Mervyn Lai and Kaviscyna Balakrishnan appeared for the 14 other respondents, and Anson Liow for Maybank Islamic.
The court fixed June 24 for case management of the winding-up application.