KUALA LUMPUR, July 3 -- Fashion designer Datuk Jovian Mandagie has reportedly been declared bankrupt by the High Court here for failing to repay a RM5 million loan to a construction company.
The Star reported that the court granted the bankruptcy order after Cekap Air Sdn Bhd filed a creditor's petition over Jovian's failure to settle RM5,284,340.66, including interest, for a loan given in 2022.
"Jovian did file several applications to stay and strike out the bankruptcy notice and petition that was filed against him but they were dismissed by the court," said the company's lawyer, Siti Nur Athirazatti Rohizad.
Cekap Air claimed the loan was extended verbally on February 25, 2022, based on a personal acquaintance between its director Yo...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.