Infraharta Holdings Bhd’s efforts to recover outstanding payments from Sheng Tai Impression Sdn Bhd (STISB) have been temporarily halted after the latter filed for judicial management, triggering a statutory moratorium that prevents winding-up proceedings from moving forward.
The group said its wholly owned subsidiary, had served a winding-up notice on STISB on May 14, 2026, pursuant to Section 466(1)(a) of the Companies Act 2016.
Under the notice, STISB was required to settle the outstanding amount owed to ISB within 21 days, by June 4, 2026, failing which ISB reserved the right to initiate winding-up proceedings against the company.
However, on June 3, 2026, STISB filed a Judicial Management Application in the High Court of Shah Alam, effectively suspending any winding-up action through an automatic statutory moratorium pending the court’s decision on the application.
The hearing of the judicial management application is expected to be scheduled within 60 days from the filing date.
Infraharta said the judicial management filing could affect its efforts to recover the outstanding amount arising from an ongoing adjudication claim against STISB.
In response, the company said it would take the necessary legal measures to protect its interests and preserve its recovery options.
“The Company has resolved to take the necessary legal steps to safeguard the Company’s interests,” it said.
The dispute stems from an adjudication claim previously initiated by ISB against STISB, details of which were announced by the company in December 2025 and April 2026.
Judicial management is a court-supervised corporate rescue mechanism that allows financially distressed companies temporary protection from legal actions while restructuring plans are considered.
Infraharta said it will make further announcements should there be any material developments relating to the matter.
