Bankruptcy's Double Standard: A Malaysian Twist on Justice The Court of Appeal decision granting a stay of bankruptcy proceedings against former Malaysian Prime Minister Najib Razak and his son Mohd Nazifuddin has sparked a mix of reactions.
Some see it as relief, while others view it as an attempt to skirt justice. At its core, this case revolves around the "Pay First, Dispute Later" mechanism under the Income Tax Act (ITA) 1967.
The framework is designed to facilitate revenue collection but has been interpreted by some as an absolute statutory bar that overrides a court's ability to grant relief in special circumstances.