SEREMBAN, July 23, 2015:
The hearing to set aside the bankruptcy declaration against Lenggeng assemblyman Datuk Ishak Ismail has been postponed to July 31 by the Seremban High Court.
Justice Datuk Kamaludin Md Said, who had earlier heard the application, postponed the case to see if any settlement can be reached.
“The postponement is for case management because the court wants to see if any settlement can be reached by both parties or otherwise,” Ishak’s counsel, C.S. Murtti, said to reporters following the postponement today.
Ishak, 64, was declared a bankrupt by the court on March 18 after he failed to settle a RM2 million loan obtained by a contractor from a businessman, of which he had acted as guarantor.
A bankruptcy order was then issued by the court’s assistant Senior Registrar on the same date following the former’s failure in repaying the loan. Ishak, on the other hand, had claimed that he had not received any notice.
The agreement given by businessman Datuk Misran Sukadi led the judge to consider the postponement of the case to allow it to be settled outside the court.
“The judge also allowed the suspension of the bankruptcy order against my client,” Murtti added.
Ishak was reported to have said that the issue arose when the contractor who took the loan from the businessman (Misran) in 2007, failed to settle the payment.
“As the guarantor, the burden fell on me and I have already repayed RM1.2 million, in stages.” he said.