The Kuala Lumpur High Court today allowed an application by Najib Tun Razak and his son, Mohd Nazifuddin, to postpone the bankruptcy proceedings against them for failing to settle their tax arrears with the Inland Revenue Board (IRB) pending the disposal of their appeals at the Federal Court.
The father and son owed the IRB RM1.69 billion and RM37.6 million, respectively, in tax arrears.
Lawyer Wee Yeong Kang, representing....