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39,707 comment(s). Last comment by mf at Dec 2, 2021 7:57 AM
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9534 posts

Posted by i3lurker > Nov 27, 2021 11:33 PM | Report Abuse

you are right

Under certain circumstances, directors may be liable for debts incurred by the company when the company is unable to pay those debts, as and when they fall due (the company is insolvent). This is because one of the fundamental duties of a director of any company is to ensure that the company does not trade while it is insolvent

Posted by EVO118 > Nov 27, 2021 11:21 PM | Report Abuse

Also , I think there is a case for CBT to be file against all the Directors. First of all, the customer's money does not belong to you, you never delivered anything in return for their payment. This mean the money should have been held in trust and not be used to pay off your creditors. Secondly, if like Benyamin Ismail say "the company cannot afford refunds as it does not have enough cash flow", then why are they still allowed to operate. If a Director allows an insolvent company to continue then they are personally liable. Maybe there is some smart legal firm out there who might see the opportunity to organise a class action against all the Directors on behalf of all customers who have prepaid. According to Gunasegaram there is $500million of advance payments. I think there should be enough cut out of this to pay the lawyers. All the lawyers need is for all advanced payment customers to come to them to take this action. Better than $5 out of $1000.

1034 posts

Posted by EVO118 > Nov 27, 2021 11:37 PM | Report Abuse

Thank you for your comments.

Ammar Roshidy
268 posts

Posted by Ammar Roshidy > Nov 29, 2021 2:04 PM | Report Abuse

It's a bit funny, how some people attract the airline industry for not fulfilling their obligations when the fact remains that even if the plane took off it is not allowed to land at its destination. AirAsia should have just flown their passengers around and brought them back to KLIA. After this senseless trip, these clients of Airasia would be able to sleep well.

514 posts

Posted by ken2004 > Nov 29, 2021 4:42 PM | Report Abuse

To me, airlines cannot keep the money when the service cannot be provide, blackmailing the customer is even worst, in some way, there is better way such as free 10kg baggage weight, free meal as compensation.

577 posts

Posted by weisheng1998 > Nov 30, 2021 8:19 AM | Report Abuse

bankrupt habis

1034 posts

Posted by EVO118 > Dec 2, 2021 7:46 AM | Report Abuse

MAVCOM. Just cancel their licence to fly in Malaysia. SMART ASS DIRECTORS!

25707 posts

Posted by mf > Dec 2, 2021 7:57 AM | Report Abuse

The United States has confirmed its first case of the new, heavily mutated coronavirus variant called omicron, in Northern California.
The variant, initially known as B.1.1.529, was first detected in South Africa, the World Health Organization said.
Scientists will need a few weeks to determine how vaccines and treatments perform against the new variant.

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