BANK KERJASAMA RAKYAT MALAYSIA BERHAD KONG SUN ENTERPRISE SDN BHD

BANK KERJASAMA RAKYAT MALAYSIA BERHAD KONG SUN ENTERPRISE SDN BHD

The court granted the consolidation application because both proceedings arise from the same financing transaction and securities (551 undeveloped titles and Lot 46047), involve common questions of law and fact and reliefs flowing from the same transaction, and consolidation is necessary to avoid inconsistent judgments and to save time and costs; consolidation will not cause undue delay.

Citation
JA-24MFC-161-02/2024 (Mahkamah Tinggi)
Parties
Plaintiff/pemegang Gadaian: Bank Kerjasama Rakyat Malaysia Berhad; Defendan/penggadai: Kong Sun Enterprise Sdn Bhd
Court
High Court
Jurisdiction
Malaysia
Judgment Date
25 July 2024
Case Number
JA-24MFC-161-02/2024 (Mahkamah Tinggi)
Procedural Posture
Foreclosure Action and Related Civil Suit Arising From Same Financing Transaction / Interlocutory Application to Consolidate Actions (lampiran 9)
Outcome
Application granted.
Legal Topics
Consolidation of Actions, Foreclosure and Order for Sale, Third Party Legal Charge, Risk of Inconsistent Judgments
Source Language
Malay/English
Property Law Civil Procedure Land Law Banking Law Consolidation of Actions Foreclosure and Order for Sale Third Party Legal Charge Risk of Inconsistent Judgments

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Parties

Bank Kerjasama Rakyat Malaysia Berhad

Plaintiff/pemegang Gadaian

Kong Sun Enterprise Sdn Bhd

Defendan/penggadai

Procedural Posture

Foreclosure Action and Related Civil Suit Arising From Same Financing Transaction / Interlocutory Application to Consolidate Actions (lampiran 9)

Legal Issues

  1. 1 Whether the two pending actions raise common questions of law or fact
  2. 2 Whether the reliefs sought arise from the same transaction or series of transactions
  3. 3 Whether consolidation would cause undue delay or unnecessary costs

Ratio Decidendi

The court granted the consolidation application because both proceedings arise from the same financing transaction and securities (551 undeveloped titles and Lot 46047), involve common questions of law and fact and reliefs flowing from the same transaction, and consolidation is necessary to avoid inconsistent judgments and to save time and costs; consolidation will not cause undue delay.

Court Disposition

Application granted.

Orders

  • Defendan's application in Lampiran 9 to consolidate Saman Pemula No. JA-24MFC-161-02/2024 with Guaman No. JA-22NCvC-164-11/2020 is allowed
  • Costs in the cause