00:01Fashion designer Datuk Jovian Mandagi has failed in his appeal to set aside a High Court order
00:07declaring him bankrupt for defaulting on a RM5 million friendly loan.
00:13Justice Jamheera Ali dismissed Jovian's appeal after hearing submissions
00:17in an in-chamber proceeding at the Kuala Lumpur High Court on Friday.
00:22The judge also dismissed his application to stay the decision
00:25and ordered him to pay RM10,000 in costs to judgment creditor Cekap Ayer Sendirian Berhad.
00:33On July 3 last year, the High Court declared Jovian bankrupt over his failure to settle the loan
00:39during a hearing of the creditor's petition in November 2024.
00:44Cekap Ayer Sendirian Berhad applied for the bankruptcy notice
00:48after Jovian failed to pay the RM5 million, inclusive of interest,
00:54to the construction company.
00:56On April 2, 2024, Justice Ahmad Firouz Zainul Abidin issued a summary judgment against Jovian,
01:04ordering him to pay the loan through written submissions without a full trial.
01:09In its statement of claim, the company said it provided a RM5 million loan to Jovian in February
01:152022 as a casual arrangement between company director Yong Jin Wei and Jovian, who were acquaintances.
01:22The loan was to be repaid within 12 months.
01:25However, the plaintiff claimed Jovian failed, refused or neglected to make repayments.
01:30He wants to be repaid at the Bureau have increased towards wars,
01:30so.
01:31He wants to be rephed in what he said.
01:34Puppy garnishments.
01:34His liability implies that AA cups of money won the loan,
01:34the tax, positive incomerate makes the loan and
01:35order to imprison his buy file.
01:38In the case of general, the bank ×פelets,
01:40hisANT to be repaid for his debt allowance.
01:40We have to address the casos of ěŹęł heap rather than anything else.
01:40So up ALL aobedient go for the house.
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