7 Mar 2023
M.E.B TECHNOLOGY SDN BHD 1. ) PETROTECHNIC ENGINEERING AND CONSTRUCTION SDN BHD 2. ) PUBLIC BANK BERHAD
- Citation
- WA-24C(ARB)-42-10/2022 (Mahkamah Tinggi)
- Court
- ARB
- Case number
- WA-24C(ARB)-42-10/2022 (Mahkamah Tinggi)
Plaintiff failed to satisfy the high threshold required to impugn the beneficiary's call on the bank guarantee; the Demands complied with the express terms of the BG which is a demand guarantee payable on written demand, the alleged grievances are contractual disputes for arbitration and do not amount to unconscionability or fraud; balance of convenience and Plaintiff's weak finances further disentitled injunction; therefore the originating summons is dismissed.