: High Court Declares Jovian Bankrupt After Loan Dispute

: 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. © New Straits Times Press (M) Bhd

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.

Designer Jovian Mandagie Declared Bankrupt After Failing To Repay RM5 Million Loan - Hype Malaysia

Last year, fashion designer Datuk Jovian Mandagie was ordered by the High Court in Kuala Lumpur to pay RM10 million to two companies after failing to repay two “friendly loans” of RM5 million each. Prior to this, the business owner had announced that his brand, along with its parent company, Jovian Mandagie Group Sdn Bhd, would cease operations after 17 years. The public figure filed an appeal against the High Court’s decision, but there had bee…

Court declares Jovian Mandagie bankrupt after failing to repay RM5.28mil loan

The fashion designer’s appeal against a summary judgment granted in favour of Cekap Air Sdn Bhd will be heard on Sept 15.