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Puncak Niaga's RM14b suit against Khalid to go on trial

Puncak Niaga's RM14b suit against Khalid to go on trial
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High court grants AirAsia X restraining order

The order was granted by Judicial Commissioner Ong Chee Kwan following proceedings which were done online.
The order was granted on all intervenors (creditors) and any other actions as well, AAX lawyer Gopal Sreenevasan told theedgemarkets.com.
Gopal appears together with counsel S Suhendran.
On Feb 19, Ong also granted leave (permission) for the long-haul low-cost airline to meet with its creditors.
AAX’s list of interveners or creditors comprises BOC Aviation Ltd, Malaysia Airports (Sepang) Sdn Bhd, Macquarie Aircraft Leasing Services (Ireland) Ltd, Sky High Leasing Co Ltd, International Lease Finance Corp KDAC Aircraft Holding 4 Ltd, Jerdons Baza Leasing 1048 Designated Activity Co, Jerdons Baza Leasing 1066 Designated Activity Co, Jerdons Baza Leasing 1075 Designated Activity Co, Lavender Leasing One Ltd, Lavender Leasing Two Ltd, BNP Paribas Singapore, Awas 1533 Ltd, Awas 1549 Ltd and Airbus S.A.S. ....

Kuala Lumpur , Gopal Sreenevasan , Airasiax Bhd , Chee Kwan , High Court , Judicial Commissioner Ong Chee Kwan , குவாலா லம்பூர் , சீ க்வ்யாந் , உயர் நீதிமன்றம் , நீதித்துறை ஆணையர் ஓங் சீ க்வ்யாந் ,

AirAsia X gets leave from court to hold meetings with creditors

KUALA LUMPUR (Feb 19): The High Court here today granted leave for budget airline AirAsia X Bhd (AAX) to hold meetings with its creditors.
The court has also separated the 14 creditors into three different classifications the first being Malaysia Airports Holdings Bhd (MAHB), the second consists of the other creditors, and the third being aircraft maker Airbus.
The decision today was made by Judicial Commissioner Ong Chee Kwan via video proceedings.
In his decision, Ong surmised that the case does not involve ‘proprietary claims’ of the creditors nor does it involve alteration of the creditors’ rights with third parties.
The court said that AAX has failed to demonstrate that they are capable of reviving its financial health. ....

Kuala Lumpur , Gopal Sreenevasan , Airasiax Bhd , Chee Kuan , Aviation Ltd , Macquarie Aircraft Leasing Services , Lim Chee Wee Partnership , Malaysia Airports Holdings Bhd , High Court , Judicial Commissioner Ong Chee Kuan , Lavender Leasing , Kwan Will Sen , Lim Chee Wee , குவாலா லம்பூர் , சீ குவான் , விமான போக்குவரத்து லிமிடெட் , மக்வரீ வான்கலம் குத்தகை சேவைகள் , லிம் சீ வீ கூட்டு , மலேசியா விமான நிலையங்கள் ஹோல்டிங்ஸ் ப்ட் , உயர் நீதிமன்றம் , நீதித்துறை ஆணையர் ஓங் சீ குவான் , லாவெண்டர் குத்தகை , க்வ்யாந் விருப்பம் சென் , லிம் சீ வீ ,