26 Jul 2022
BANK PERTANIAN MALAYSIA BERHAD 1. ) NALURI MILENIUM SDN BHD 2. ) AWAN TIMUR KLUANG SDN BHD
- Citation
- JA-22M-39-09/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-22M-39-09/2021 (Mahkamah Tinggi)
The court found the First Defendant breached the affirmative covenants (Clause 21) thereby triggering an event of default (Clause 32); the Plaintiff was therefore entitled to withhold the balance facility, validly terminated the financing, and the notices of termination and demand were enforceable; Defendants failed to raise triable issues, so summary judgment was proper.