27 Apr 2026
KAYANGAN KEMAS SDN BHD 1. ) EXYTE MALAYSIA SDN BHD 2. ) AMBANK (M) BERHAD
- Citation
- WA-24NCC-57-01/2026 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-57-01/2026 (Mahkamah Tinggi)
The court held that the AP Bond demand was not unconscionable because it secures repayment of an outstanding un-recouped advance of RM15,443,670.67 and there was no real dispute that liability to repay existed; however, the Performance Bond demand was unconscionable given the high level of securitisation already enjoyed by the 1st Defendant (retention sums, disputed back charges and under-certifications), the timing and apparent inflation of the counterclaim shortly after the Plaintiff's arbitration claim, and minimal real risk of loss to justify a call on the RM33,000,000 performance bond; a…