26 May 2023
1. ) Lim Seong Heng 2. ) Hew See Ling 1. ) Tan Pek Han 2. ) Ten Shay Tien PIHAK TERKILAN 1. ) Lim Seong Heng 2. ) DC2 Auto Sdn Bhd
- Citation
- WA-22NCC-467-09/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-467-09/2020 (Mahkamah Tinggi)
On the balance of probabilities the court found the plaintiff (CC) advanced RM10,483,249 to the defendants (CC) for investment in buying and selling luxury vehicles; only RM5,108,478 was proved to have been repaid; the transaction was an investment/partnership profit-sharing arrangement and not a moneylending agreement under the Moneylenders Act 1951; accordingly the counterclaim was allowed for the unpaid balance with interest and costs.