The High Court has declared fashion designer Jovian Mandagie bankrupt, after he failed to repay a “friendly loan” totalling RM5.28 million from an engineering and construction company.
Senior assistant registrar Faisal Zulkifli made the ruling during today’s proceedings after allowing a creditor’s petition filed by Cekap Air Sdn Bhd on Nov 20 last year.
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Based on the petition, filed on Nov 20 last year, Jovian, the former son-in-law of ex-prime minister Ismail Sabri Yaakob, failed to comply with a bankruptcy notice dated May 21, 2024.
The petition stated that Jovian owed Cekap Air RM5,284,340.66, including interest up to May 21, 2024, following a summary judgment granted by the High Court on April 2 the same year in a civil suit.
Cekap Air’s…
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KUALA LUMPUR, July 3 – Fashion designer Datuk Jovian Mandagie has reportedly been declared bankrupt by the High Court here for failing to repay a RM5 million loan to a construction company.
The Star reported that the court granted the bankruptcy order after Cekap Air Sdn Bhd filed a creditor’s petition over Jovian’s failure to settle RM5,284,340.66, including interest, for a loan given in 2022.
“Jovian did file several applications to stay and strike out the bankruptcy notice and petition that was filed against him but they were dismissed by the court,” said the company’s lawyer, Siti Nur Athirazatti Rohizad.
Cekap Air claimed the loan was extended verbally on February 25, 2022, based on…
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The lengthy process of changing a student-loan forgiveness program for millions of public servants is underway.
President Donald Trump signed an executive order in March aimed at limiting the Public Service Loan Forgiveness program, created in 2007 to forgive student debt for government and nonprofit workers after 10 years of qualifying payments.
While it’s unclear which specific organizations — and how many borrowers — could lose PSLF eligibility, the executive order signaled that organizations facilitating transgender healthcare or engaging in disability discrimination, which the administration defined as “anti-American” activities, could be on the line.
That question dominated the discussion during…
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KUALA LUMPUR: Fashion designer Datuk Jovian Mandagie has been declared bankrupt by the High Court over his failure to settle a RM5mil friendly loan to a company.
Jovian married former prime minister Datuk Seri Ismail Sabri Yaakob’s daughter, Nina, on Dec 11, 2013. They divorced in 2024.
Senior assistant registrar Muhammad Faisal Zulkifli issued the order during a hearing of the creditor’s petition here on Thursday.
According to court documents, Cekap Air Sdn Bhd applied for the bankruptcy notice to be issued against Jovian, 39, after he failed to pay RM5,284,340.66, inclusive of interest, to the construction company.
According to lawyer Siti Nur Athirazatti…
