KUALA LUMPUR: Fashion designer Datuk Jovian Mandagie has been declared bankrupt by the High Court for failing to settle a RM5.28 million loan, including interest, owed to engineering firm Cekap Air Sdn Bhd.
The decision was delivered by Senior Assistant Registrar Muhammad Faisal Zulkifli following a creditor’s petition filed on November 20, 2024.
Cekap Air’s lawyer, Siti Nur Athirazati Rohizad, confirmed that her client had issued a bankruptcy notice on May 21, 2024, after Mandagie failed to comply with a direct judgment issued by the court on April 2 the same year.
“The court has dismissed all applications by Jovian to strike out the bankruptcy proceedings,“ she said.
The dispute stems from a friendly loan extended to…