KUALA LUMPUR (Sept 15): The High Court (commercial division) had on Thursday (Sept 15) struck out a stay application by Serba Dinamik Holdings Bhd (SDHB) and three of its subsidiaries to temporarily stop the appointment of Victor Saw of PwC Malaysia as an interim liquidator.
The Kuala Lumpur High Court has appointed an interim liquidator to take control of Serba Dinamik Holdings Bhd and three of its subsidiaries after the troubled oil and gas company breached a Consent Order that requires it to start repaying a syndicated loan owed to six banks.