7 Apr 2025
PERBADANAN PENGURUSAN DIAMOND F 1. ) PESURUHJAYA BANGUNAN KUALA LUMPUR 2. ) MAYBANK ISLAMIC BERHAD PENCELAH PERBADANAN PENGURUSAN DIAMOND F
- Citation
- WA-24NCvC-1263-04/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCvC-1263-04/2023 (Mahkamah Tinggi)
COBKL had no statutory power under SMA 2013 to demand statutory declarations or other documents beyond those listed in paragraph 7(8) of the Second Schedule, nor to make 'letters of recognition' a precondition for banks to accept committee signatories; accordingly COBKL's letter requiring a statutory declaration and parts of its 2016 circular were ultra vires, and Maybank was not justified in withholding recognition solely on COBKL's position and must release the account and pay interest at 4% p.a.