BANK KERJASAMA RAKYAT MALAYSIA BERHAD V EMCEE CORPORATION SDN BHD
- Citation
- BANK KERJASAMA RAKYAT MALAYSIA BERHAD V EMCEE CORPORATION SDN BHD
- Court
- Malaysian court
The instalment period commenced upon the bank's first release to the marginal deposit account; there is no contractual provision that the first release had to be RM5,000,000; the bank had effected a first release (RM4,345,831.05), statutory and procedural requirements were complied with, and the alleged failure to pay the promised RM5,000,000 amounted only to a personal breach insufficient to establish a 'cause to the contrary' under Low Lee Lian to resist an order for sale.