15 Sept 2022
Gan Hai Toh SEACERA GROUP BERHAD PIHAK KETIGA TERAS SARI RESOURCES SDN BHD
- Citation
- WA-22NCC-114-03/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-114-03/2019 (Mahkamah Tinggi)
The Loan Agreement, admissions by the third party's witness and the RM5,000,000 payment by LTC Holdings established that the loan was made to the third party and was repaid; consequently the plaintiff failed to prove a loan to the defendant and the defendant's liability as guarantor was discharged under s87 of the Contracts Act 1950.