CONFIDENTIAL

FACULTY OF LAW

UNIVERSITI TEKNOLOGI MARA

FINAL ASSESSMENT

COURSE NAME : REMEDIES (BANKRUPTCY)

COURSE CODE : LAW 549
ASSESSMENT : 15 FEBRUARY 2022 (9.00AM)
RELEASE DATE :
ASSESSMENT : 16 FEBRUARY 2022 (6.00PM)
LAST SUBMISSION
DATE

INSTRUCTIONS TO CANDIDATES

1. This final assessment paper consists of 1 question and 2 pages.

2. Answer ALL questions in English.

3. Softcopy of answers are submitted via UiTM u future platform / to (Lecturer Email).

4. Please submit the final assessment together with cover sheet which consists of the following
details:
a. Course name and code;
b. Student’s name and student’s number;
c. Group and lecturer’s name.

5. Students are required to fill in UITM’S ACADEMIC INTEGRITY PLEDGE (IKRAR INTEGRITI
AKADEMIK PELAJAR UITM) which must be attached together with the answer.

© Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL
FACULTY OF LAW

QUESTION 1

On 28 February 2019, Best Bank Berhad obtained a judgment against Sayyid for a sum of
RM400,000 together with interests and costs.

On 9 October 2021, a Bankruptcy Order was entered against Sayyid based on the creditor’s
petition filed by Best Bank Berhad. Subsequently, Sayyid’s sister, Reena approached Best
Bank Berhad to propose for a settlement of the debt. Best Bank Berhad agreed to accept
RM300,000 as a full and final settlement of its claim against Sayyid.

Sayyid intends to make an application under the Insolvency Act 1967 to have the Bankruptcy
Order rescinded and annulled on the ground that the debt has been paid in full.

Explain whether Best Bank Berhad can oppose Sayyid’s application.

(10 marks)

© Hak Cipta Universiti Teknologi MARA