1 Dec 2025
A.H.T. Syngas Technology NV Future NRG Sdn Bhd
- Citation
- BA-22NCC-104-08/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCC-104-08/2021 (Mahkamah Tinggi)
The Court found the transmitted sum was a loan as evidenced by the loan applications, acknowledgement and bank records; the Defendant was an unlicensed moneylender so the loan was illegal under the Moneylenders Act 1951 and therefore the agreement was void under Contracts Act 1950 s24; restitution under s66 CA 1950 was refused because allowing recovery by an unlicensed illegal lender would undermine statutory scheme and public policy; choice of law was Malaysian; counterclaim dismissed with costs.