Jana DCS Sdn Bhd had petitioned to wind up TAR PH Sdn Bhd after it allegedly failed to honour a statutory demand for payment issued on March 10, 2022.

Liew Teck Huat, a lawyer for the petitioner, said TAR PH’s counsel told the court at yesterday’s case management the company intends to object to the petition and will be filing its affidavit in opposition.

He also told FMT the next case management has been set by court assistant registrar Norsyakirah Che Hashim for Oct 23.

The petition is set to be heard on Nov 7.

Lawyer Ong Kang Nyong appeared for Jana DCS, while Nicholas Wong represented TAR PH.

TAR PH is a wholly owned subsidiary of Khazanah’s hospitality and attraction destinations arm, Themed Attractions Resorts & Hotels Sdn Bhd.

The company owns JEN Johor Puteri Harbour Hotel, a four-star property at Iskandar Puteri, which had been run by the Shangri-La group hotel chain until it ceased operations on May 9 this year, reportedly “due to legal proceedings beyond its control”.

“With the closure of the hotel, the respondent company has no income stream at all,” the petition sighted by FMT said.

According to the petition, that debt stood at RM94,746,708.01 as of Aug 10, the date it was filed in the Shah Alam High Court by solicitors Zaid Ibrahim Suflan TH Liew & Partners.

TAR PH’s debt to Jana DCS is premised on an arbitral award of RM89,262,672.91 handed down last year.