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Sinar Daily
3 days ago
- Business
- Sinar Daily
Jovian Mandagie declared bankrupt over RM5.28 million ‘friendly loan'
The bankruptcy order was issued by senior assistant registrar Muhammad Faisal Zulkifli after allowing a creditor's petition filed by Cekap Air Sdn Bhd on Nov 20, last year. 03 Jul 2025 05:26pm The High Court (Insolvency Division) declared fashion designer Datuk Jovian Mandagie bankrupt for failing to repay a "friendly loan" totalling RM5.28 million to an engineering and construction firm. - Photo: FACEBOOK / JOVIAN MANDAGIE KUALA LUMPUR – The High Court (Insolvency Division) today declared fashion designer Datuk Jovian Mandagie bankrupt for failing to repay a "friendly loan" totalling RM5.28 million to an engineering and construction firm. The bankruptcy order was issued by senior assistant registrar Muhammad Faisal Zulkifli after allowing a creditor's petition filed by Cekap Air Sdn Bhd on Nov 20, last year. According to the petition, Jovian who is the former son-in-law of former prime minister Datuk Seri Ismail Sabri Yaakob had failed to comply with a bankruptcy notice dated May 21, 2023, thereby committing an act of bankruptcy within six months prior to the filing of the petition. The company stated that the total amount owed, including interest as of that date, was RM5,284,340.66. This was based on a summary judgment granted by the High Court on April 2, the same year through the main civil suit. Lawyer Siti Nur Athirazatti Rohizad who represented Cekap Air said the bankruptcy notice was filed after Jovian failed to comply with the terms of the summary judgement. This was followed by the filing of a creditor's petition, which was allowed, by the court today. The High Court (Insolvency Division) declared fashion designer Datuk Jovian Mandagie bankrupt for failing to repay a "friendly loan" totalling RM5.28 million to an engineering and construction firm. "Jovian had also filed applications to stay and set aside both the notice and the petition, but all were dismissed by the court," she said. On May 16, 2023, Cekap Air sued Jovian claiming that he had failed to repay a RM5 million loan made through a verbal agreement (friendly basis) on Feb 25, 2022. In its statement of claim, the company said the funds were transferred to the client account of a law firm representing Jovian, with the firm confirming receipt of the funds on his instruction. Jovian has filed an appeal against the summary judgment, which is scheduled for hearing on Sept 15. - AWANI More Like This
Daily Express
3 days ago
- Business
- Daily Express
Court declares Jovian Mandagie bankrupt over failure to repay RM5.28 million loan
Published on: Thursday, July 03, 2025 Published on: Thu, Jul 03, 2025 By: FMT Reporters Text Size: Jovian Mandagie was previously married to former prime minister Ismail Sabri Yaakob's daughter, Nina Sabrina, before their divorce in 2023. (Facebook pic) PETALING JAYA: Fashion designer Jovian Mandagie has been declared bankrupt by the High Court in Kuala Lumpur after failing to repay a friendly loan totalling RM5.28 million from a construction company. According to Berita Harian, senior assistant registrar Faisal Zulkifli today allowed a creditor's petition filed by Cekap Air Sdn Bhd. 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 lawyer, Siti Nur Athirazatti Rohizad, said the company filed the bankruptcy notice after Jovian failed to comply with the summary judgment issued by the court. 'Jovian filed applications to stay and set aside both the notice and petition, but all were dismissed by the court,' she said. On May 16, 2023, Cekap Air filed a lawsuit against Jovian for allegedly failing to repay the loan, which had been extended as a friendly loan. In its statement of claim, the company said that Jovian was an acquaintance of Cekap Air's director, Yong Zhen Wei. The company claimed it loaned Jovian the funds at his verbal request on Feb 25, 2022, and transferred the money to his law firm's client's account. Jovian's appeal against the summary judgment is scheduled to be heard on Sept 15. Jovian was questioned by the Malaysian Anti-Corruption Commission in its probe into Ismail's asset declaration. He was previously married to Ismail's daughter, Nina Sabrina, before their divorce in 2023. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
![[UPDATED]: High Court declares Jovian bankrupt after loan dispute](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2F030725nstJovian01_1751529447.jpg&w=3840&q=100)
![[UPDATED]: High Court declares Jovian bankrupt after loan dispute](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
3 days ago
- Business
- New Straits Times
[UPDATED]: High Court declares Jovian bankrupt after loan dispute
KUALA LUMPUR: Fashion designer Datuk Jovian Mandagie was today declared bankrupt by the High Court (Insolvency Division) for failing to repay a "friendly loan" amounting to RM5.28 million to an engineering and construction company. Senior assistant registrar Muhammad Faisal Zulkifli made the ruling during proceedings today after allowing a creditor's petition filed by Cekap Air Sdn Bhd on Nov 20 last year. According to the petition, Jovian, the former son-in-law of former prime minister Datuk Seri Ismail Sabri Yaakob, had committed an act of bankruptcy within six months prior to the filing of the petition by failing to comply with a bankruptcy notice dated May 21, 2023. The petition said that Jovian owed Cekap Air RM5,284,340.66, inclusive of interest as of May 21 last year, which was the sum payable under a summary judgment granted by the High Court on April 2, 2023. Cekap Air's lawyer, Siti Nur Athirazatti Rohizad, said the bankruptcy notice was filed after Jovian failed to comply with the terms of the summary judgment. A summary judgment is a legal application filed by the plaintiff to obtain a court order without the need for a full trial. She said that upon receiving leave to issue the bankruptcy notice, her client filed the creditor's petition, which the court allowed today. "Jovian had filed applications to set aside and stay the bankruptcy notice and the creditor's petition, but all were dismissed by the court," she said. On April 2 last year, the High Court ordered Jovian to repay RM5 million to Cekap Air after allowing the company's summary judgment application. On May 16, 2023, the company filed a lawsuit against Jovian, alleging that he had failed to repay a RM5 million loan extended on a friendly basis. In its statement of claim, Cekap Air said Jovian was an acquaintance of its director, Yong Zhen Wei. The company claimed it loaned RM5 million to Jovian following a verbal request by the designer on Feb 25, 2022, and subsequently transferred the amount into the client account of a law firm representing him. Cekap Air added that the law firm had confirmed receipt of the funds on Jovian's instruction. Jovian's appeal against the summary judgment in the main suit is scheduled to be heard on Sept 15.
The Star
3 days ago
- Business
- The Star
Fashion designer Jovian Mandagie declared bankrupt
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 Rohizad, who represented the company, Jovian did not adhere to a summary judgment issued by the High Court on April 2, 2024, ordering Jovian to pay the loan. "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," Siti Nur Athirazatti told the media. In its statement of claim, the company said it had given out a loan of RM5mil to Jovian on Feb 25, 2022. It stated that the loan was given out verbally and casually as the company's director, Yong Zhen Wei, and Jovian were acquaintances. The loan was meant to be repaid in 12 months. "Furthermore, there was no reason for the plaintiff (Cekap Air) to doubt the defendant (Jovian) as the latter had several other businesses and was the (then) son-in-law of the former prime minister," it said. However, the plaintiff claimed that Jovian failed, refused, or neglected to make repayments. The plaintiff contended that at all material times, Jovian was unjustly enriched when he received the loan without making repayments, causing terrible losses to the defendant. His appeal on the summary judgment will be heard at the Court of Appeal on Sept 15.
