KUALA LUMPUR, Sept 3 — The Director-General of Insolvency has filed an application for a committal order for the imprisonment of prominent businessman Datuk Vinod Balachandra Sekhar for contempt of court.
In the application filed on Aug 13, the Director-General of Insolvency sought for Sekhar’s imprisonment for contempt of court when he failed to comply with the provision under Section 38(2) of the Bankruptcy Act 1967.
According to the application, Sekhar, who was declared a bankrupt by the Kuala Lumpur High Court on June 8, 2005, committed two offences when he became a director of 25 companies and had left the country without permission of the Director-General of Insolvency, under Section 38 of the Bankruptcy Act.
Sekhar was declared a bankrupt for failing to settle his debt to credit company, Orix Credit Malaysia Sdn Bhd and 11 other companies totalling RM12.376 million.
Vinod, 42, is the chief executive of the Petra Group, and he had once been named by Forbes Magazine as the 16th richest man in Malaysia in 2008.
Senior Assistant Registrar of the High Court, Rozianti Mohamed Hanaphi, ordered Sekhar to be present in court on Nov 26 to show cause why the committal order against him should not be made.
She fixed the date after meeting Senior Federal Counsel Ahmad Muttaqim Rabbani Abdullah who represented the Insolvency Department, and lawyer S.Veerapan, who represented Sekhar, in her chambers.
Ahmad Muttaqim told the media that two notices had been handed to Sekhar so that he would attend hearing on the committal order.
He said Sekhar’s lawyer had informed the court that his client could not be present today because he was unwell but his lawyer made a pledge that Sekhar would be present on the next hearing. — Bernama
In the application filed on Aug 13, the Director-General of Insolvency sought for Sekhar’s imprisonment for contempt of court when he failed to comply with the provision under Section 38(2) of the Bankruptcy Act 1967.
According to the application, Sekhar, who was declared a bankrupt by the Kuala Lumpur High Court on June 8, 2005, committed two offences when he became a director of 25 companies and had left the country without permission of the Director-General of Insolvency, under Section 38 of the Bankruptcy Act.
Sekhar was declared a bankrupt for failing to settle his debt to credit company, Orix Credit Malaysia Sdn Bhd and 11 other companies totalling RM12.376 million.
Vinod, 42, is the chief executive of the Petra Group, and he had once been named by Forbes Magazine as the 16th richest man in Malaysia in 2008.
Senior Assistant Registrar of the High Court, Rozianti Mohamed Hanaphi, ordered Sekhar to be present in court on Nov 26 to show cause why the committal order against him should not be made.
She fixed the date after meeting Senior Federal Counsel Ahmad Muttaqim Rabbani Abdullah who represented the Insolvency Department, and lawyer S.Veerapan, who represented Sekhar, in her chambers.
Ahmad Muttaqim told the media that two notices had been handed to Sekhar so that he would attend hearing on the committal order.
He said Sekhar’s lawyer had informed the court that his client could not be present today because he was unwell but his lawyer made a pledge that Sekhar would be present on the next hearing. — Bernama
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