Pengurusan Danaharta Nasional Berhad Act 1998 s 25
Some sections could not be extracted from the official PDF, so this text may be incomplete.
s 25 Criteria for appointment of Special Administrator
The Corporation may recommend the appointment of a Special Administrator under section 23 or 24 if the Corporation is satisfied that it would serve public interest to do so or if the Corporation is satisfied that—
(a) the primary affected person—
(i) is unable or likely to be unable to pay its debts; or
(ii) is unable or likely to be unable to fulfil its obligations to its creditors;
(b) the survival of the primary affected person and the whole or any part of its assets as a going concern may be achieved;
(c) a more advantageous realization of the primary affected person’s assets may be achieved than on a winding up; or
(d) the appointment may achieve a more advantageous realization or a more expeditious settlement of a duty or liability owed by any person to the Corporation or any subsidiary of the Corporation, whether future, present, vested or contingent.
Malay text (authoritative)
Kriteria bagi pelantikan Pentadbir Khas
Perbadanan boleh mengesyorkan pelantikan seorang Pentadbir Khas di bawah seksyen 23 atau 24 jika Perbadanan berpuas hati bahawa pelantikan itu adalah demi kepentingan awam atau jika Perbadanan berpuas hati bahawa —
(a) orang terjejas utama—
(i) tidak dapat atau berkemungkinan tidak dapat membayar hutangnya; atau
(ii) tidak dapat atau berkemungkinan tidak dapat menunaikan kewajipannya kepada pemiutangnya;
(b) orang terjejas utama dan keseluruhan atau mana-mana bahagian asetnya boleh terus wujud sebagai usaha berterusan;
(c) perealisasian aset orang terjejas utama dengan lebih berfaedah dapat dicapai berbanding dengan perealisasian aset semasa penggulungan; atau
(d) pelantikan itu boleh mencapai perealisasian yang lebih berfaedah atau penyelesaian yang lebih cepat sesuatu tanggungjawab atau tanggungan yang dipunyai oleh mana-mana orang kepada Perbadanan atau mana-mana subsidiari Perbadanan, sama ada pada masa sekarang, masa hadapan, terletak hak atau kontinjen.
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Find Act 587 on lom.agc.gov.my ↗
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
