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Court Upholds TAIB's Claims in Morsima Dissolution

Published on 29th October 2023

The High Court has upheld Perbadanan Tabung Amanah Islam Brunei (TAIB)'s debt claims against Morsima Sdn Bhd during the company's dissolution. Russtini Real Estate, representing Morsima, challenged two amounts in TAIB's proof of debt. The court ruled that unadjudicated debts are still valid and TAIB has a right to clai...

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The Brunei High Court ruled against Russtini Real Estate's challenge to debt claims made by Perbadanan Tabung Amanah Islam Brunei (TAIB) during the dissolution of Morsima Sdn Bhd. The court emphasized that unadjudicated debts remain valid and TAIB retains rights to claim profits from facilities, regardless of partial repayments. Additionally, the court found the evidence provided by Morsima insufficient to support their asset valuation.

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Court Upholds TAIB's Claims in Morsima Dissolution

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Court Upholds TAIB's Claims in Morsima Dissolution

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Court Upholds TAIB's Debt Claim in Morsima Liquidation

High Court Upholds Liquidator's Proof of Debt

Court of Appeal Reverses Liability in Property Dispute

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