2 Sept 2021
AMBANK (M) BERHAD (No. Syarikat: 196901000166 (8515-D)) BINA PURI HOLDINGS BHD (No. Syarikat: 199001015515 (207184-X)
- Citation
- WA-22NCC-267-06/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-267-06/2020 (Mahkamah Tinggi)
The Supplementary LO of 4.12.2019 lapsed because acceptance was conditional upon signing and returning within seven days and the Defendant failed to comply and issued a counter-offer; independent events of default including non-payment and cross-default validly entitled the bank to recall and terminate facilities under binding facility agreements; the Defendant failed to show any manifest error in the Certificate of Indebtedness or raise triable issues, so summary judgment was appropriate.