22 Feb 2022
Ambank Islamic Berhad 1. Lim Kok Wei 2. Lim Kok Hong 3. Lim Kok Seng
- Citation
- WA-22M-196-08/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22M-196-08/2021 (Mahkamah Tinggi)
Defendants disclosed no triable defence: Bai' Inah transactions and contemporaneous execution did not render the loans and guarantees illegal per binding precedents and SAC recognition; the guarantees made defendants principal debtors so the bank was not required to foreclose charged land before suing guarantors; the Statement of Account is conclusive absent manifest error; summary judgment is therefore warranted for the claimed sum and costs.