Business

Last call for creditors of defunct MAS to submit proof of debt, claim

The note was issued after assets and liabilities were transferred to a new entity

Updated 5 years ago · Published on 22 Oct 2020 1:46PM

Last call for creditors of defunct MAS to submit proof of debt, claim
Malaysian Airlines System Bhd's liquidator KPMG Malaysia has issued a notice calling for creditors to submit proof of debt or claim by November 12. – AFP file pic, October 22, 2020

KUALA LUMPUR – A note to creditors for the submission of proof of debt or claim on Malaysian Airlines System Bhd (MAS) that is making rounds on social media is believed to be part of a continued process on the liquidation of the defunct company, and not the current Malaysia Airlines Bhd (MAB).

The company’s liquidator KPMG Malaysia issued the notice in the New Straits Times today, following the transfer of assets and debt to MAB. 

“Notice is hereby given that creditors of the company, whose debts or claims have not already been admitted, are required not later than 5pm on Nov 12, 2020 to prove their debts or claims and to establish any title they may have to priority by delivering by hand or sending by post to the Liquidator at the address below, a formal PROOF OF DEBT or claim in accordance with the Proof of Debt General Form (which may be obtained from the Liquidator) containing their respective debts or claims and all documents.”

As part of a recovery plan, MAB took over MAS as the national flag carrier on September 1, 2015. 

MAB is fully owned by the government, through sovereign wealth fund Khazanah Nasional Bhd. – The Vibes, October 22, 2020

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