1 Jan 1900
PUBLIC BANK BERHAD [No. Syarikat: 196501000672 (6463-H)] BAGAN MASYHUR SDN. BHD. [No. Syarikat: 199201023073 (254577-A)]
- Citation
- PA-24FC-169-03/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-24FC-169-03/2020 (Mahkamah Tinggi)
The court ordered the sale because none of the defendant's contentions established a statutory 'cause to the contrary' under s256(3): the Event of Default restored the lender's rights so indebtedness was computed under the original facilities, there was no waiver of instalment obligations (no express written waiver and GSA terms preserved instalment duties), the RM100,000 payment related to another account, the Form 16D sufficiently described the breach, and the defendant offered no particulars or proof of manifest error in the account; therefore an order for sale was mandatory and granted.