Malaysia Case Law: Decisions & Judgments

Topic

Form 16d

Legal area

Court

21 Dec 2021

PUBLIC BANK BERHAD No. Syarikat: 196501000672 (6463-H) G.M.P. Masyhur Sdn Bhd No. Syarikat: 199601010618 (382967-H)

Citation

PA-24FC-176-05/2020 (Mahkamah Tinggi)
Court

High Court
Case number

PA-24FC-176-05/2020 (Mahkamah Tinggi)

The court found the Masyhur Group defaulted, the plaintiff validly declared an event of default and reverted to the existing loan facility as permitted by the Settlement Agreement, issued a valid Form 16D and satisfied conditions precedent under the NLC; interest claimed was permissible under the agreements and the statement of account was conclusive; the defendant failed to prove any cause to the contrary, therefore an order for sale was mandatory under s256/257 NLC.
6 Apr 2021

GAN YONG HIN (NO K/P:550411-07-5311) Berniaga sebagai Ling Chian Fong Enterprise (No. Syarikat WL3086/07/01-5/150814) SUBRAMANIAN S/O MUTHIAH (No. K/P:560728-71-5101/8170879)

Citation

PA-24FC-443-08/2017 (Mahkamah Tinggi)
Court

High Court
Case number

PA-24FC-443-08/2017 (Mahkamah Tinggi)

Service of Form 16D and subsequent service of the Originating Summons on defendant's solicitors pursuant to the Court of Appeal order were proper and any objection was waived; the defendant failed to discharge the legal burden to prove any 'cause to the contrary' under s256(3) NLC 1965; alleged breaches of moneylending laws are matters in personam and do not defeat the plaintiff's ad rem right under the registered charge, accordingly an order for sale is mandatory and was granted.

Malaysia Case Law

PUBLIC BANK BERHAD No. Syarikat: 196501000672 (6463-H) G.M.P. Masyhur Sdn Bhd No. Syarikat: 199601010618 (382967-H)

GAN YONG HIN (NO K/P:550411-07-5311) Berniaga sebagai Ling Chian Fong Enterprise (No. Syarikat WL3086/07/01-5/150814) SUBRAMANIAN S/O MUTHIAH (No. K/P:560728-71-5101/8170879)