30 Jan 2023
OCBC BANK (MALAYSIA) BERHAD PROLINK MARKETING SDN BHD
- Citation
- B-02(NCvC)(W)-227-02/2021 (Mahkamah Rayuan)
- Court
- NCvC
- Case number
- B-02(NCvC)(W)-227-02/2021 (Mahkamah Rayuan)
The Court of Appeal allowed the appellant's main appeal because the High Court materially misappreciated and omitted consideration of critical evidence: OCBC lawfully exercised contractual review rights, negotiated and accepted repayment arrangements proposed by the respondent, later allowed redemption subject to conditions and conversion of receivables to invoice financing, Bank Negara regarded the review as normal, the respondent repeatedly defaulted and failed to call its primary director (warranting adverse inference). The respondent failed to prove causation and quantum of the alleged RM…