MONEYSAVE (M) SDN. BHD. 1. ) PARAGRENE LAND BERHAD 2. ) GREGORY AMOS YOON PENG SUM 3. ) WAN NASIR BIN WAN MUSTAFHA 4. ) ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN 5. ) GRENEPARK VILLAGE SDN. BHD.

MONEYSAVE (M) SDN. BHD. 1. ) PARAGRENE LAND BERHAD 2. ) GREGORY AMOS YOON PENG SUM 3. ) WAN NASIR BIN WAN MUSTAFHA 4. ) ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN 5. ) GRENEPARK VILLAGE SDN. BHD.

Summary judgment was granted because the Plaintiff proved disbursement, production of signed Investment Note Certificates and a Guarantee and Indemnity, and contractual service of Notices of Default, while the Defendants failed to adduce any credible evidence to establish bona fide triable issues on non-payment,...

Source-derived case information.

Citation
WA-22NCC-522-08/2024 (Mahkamah Tinggi)
Parties
Plaintiff: MONEYSAVE (M) SDN. BHD.; Defendant: PARAGRENE LAND BERHAD; Defendant: GREGORY AMOS YOON PENG SUM; Defendant: WAN NASIR BIN WAN MUSTAFHA; Defendant: ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN; Defendant: GRENEPARK VILLAGE SDN. BHD.
Court
High Court
Jurisdiction
Malaysia
Judgment Date
3 December 2024
Case Number
WA-22NCC-522-08/2024 (Mahkamah Tinggi)
Procedural Posture
Commercial Division Summary Judgment Application / Judgment on Summary Judgment (enclosure 7)
Outcome
Summary judgment granted in favour of the Plaintiff
Legal Topics
Summary Judgment, Enforceability of Investment Notes, Guarantee and Indemnity Enforcement, Service of Contractual Notices, Compliance With Moneylenders Act
Commercial Law Securities/capital Markets Contract Law Guarantee and Indemnity Civil Procedure Evidence Summary Judgment Enforceability of Investment Notes +3 more

Source-derived case record

Summary, issues, holding and outcome

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Parties

MONEYSAVE (M) SDN. BHD.

Plaintiff

PARAGRENE LAND BERHAD

Defendant

GREGORY AMOS YOON PENG SUM

Defendant

WAN NASIR BIN WAN MUSTAFHA

Defendant

ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN

Defendant

GRENEPARK VILLAGE SDN. BHD.

Defendant

Procedural Posture

Commercial Division Summary Judgment Application / Judgment on Summary Judgment (enclosure 7)

Legal Issues

  1. 1 Whether the Investment Note Facility Agreement is invalid under the Moneylenders Act 1951 (abandoned)
  2. 2 Whether the Defendants breached the Investment Note Facility Agreement (non-payment)
  3. 3 Whether the Defendants signed the Guarantee and Indemnity (authentication of signatures)

Ratio Decidendi

Summary judgment was granted because the Plaintiff proved disbursement, production of signed Investment Note Certificates and a Guarantee and Indemnity, and contractual service of Notices of Default, while the Defendants failed to adduce any credible evidence to establish bona fide triable issues on non-payment, non-signature or non-receipt.

Court Disposition

Summary judgment granted in favour of the Plaintiff

Orders

  • Summary judgment granted for the Plaintiff (Enclosure 7 allowed)
  • Judgment entered in favour of the Plaintiff against the Defendants