Malaysia Case Law: Decisions & Judgments

Topic

Global settlement agreement

Legal area

Court

20 Mar 2025

1. ) SHANGHAI NATURE GOODNESS DURIO VENTURE CO LTD 2. ) GUO XU 3. ) ROBERT HENRI OLIVER BATREAU 4. ) ONG CHEE KEONG 1. ) NATURE GOODNESS FOOD INDUSTRY SDN BHD 2. ) NATURE GOODNESS DURIO SDN BHD 3. ) CHUAH POH KHIANG 4. ) LIM SIANG SIN 5. )

Citation

BA-22NCC-142-08/2024 (Mahkamah Tinggi)
Court

High Court
Case number

BA-22NCC-142-08/2024 (Mahkamah Tinggi)

On the evidence the court found Plaintiffs 1-3 are ordinarily resident outside the jurisdiction and there was credible material showing risk they would be unable to meet defendants' costs if unsuccessful; balancing the statutory factors and case law the court exercised its discretion to allow the security for costs applications (Kand.21 and Kand.23) and ordered specified security payments and costs in the cause.
19 Apr 2024

1. ) BAGAN MASYHUR SDN. BHD. 2. ) G.M.P. MASYHUR SDN. BHD. 3. ) MASYHUR FIRST DEVELOPMENT SDN. BHD. 4. ) ZUIHAIMI BIN ISMAIL PUBLIC BANK BERHAD

Citation

PA-22NCvC-30-02/2021 (Mahkamah Tinggi)
Court

High Court
Case number

PA-22NCvC-30-02/2021 (Mahkamah Tinggi)

Given the undisputed factual chronology and the contractual terms of the GSA, the court held an Event Of Default occurred because plaintiffs defaulted on scheduled payments; defendant did not breach but was entitled to declare default and enforce the existing facilities and securities including charging interest under those facilities; alleged oral variations were ineffective due to the entire agreement and written amendment clauses; plaintiffs failed to prove unjust enrichment; specific performance was inappropriate as plaintiffs had breached. Therefore the Order 14A application was suitable…
9 Apr 2024

DC & A Developments Sdn Bhd C N H Construction (M) Sdn Bhd

Citation

WA-24NCC-652-11/2023 (Mahkamah Tinggi)
Court

High Court
Case number

WA-24NCC-652-11/2023 (Mahkamah Tinggi)

The Court granted the Fortuna injunction because the Defendant failed to prove on the balance of probabilities that the Plaintiff breached the GSA or that the caveat prevented the Defendant from taking over or disposing of the specifically identified Plot Perdagangan; consequently the intended winding-up petition under s.466 had no real prospect of success and would cause irreparable harm to the Plaintiff.
20 Jan 2022

PUBLIC BANK BERHAD No. Syarikat: 196501000672 (6463-H) 1. ) Bagan Masyhur Sdn Bhd No. Syarikat: 199201023073 (254577-A) 2. ) G. M. P. Masyhur Sdn Bhd No. Syarikat: 199601010618 (382967-H) 3. ) Zuihaimi bin Ismail (No. KP: 661125-07-5005)

Citation

PA-22NCC-5-04/2020 (Mahkamah Tinggi)
Court

High Court
Case number

PA-22NCC-5-04/2020 (Mahkamah Tinggi)

The court held that clause 5(ii) of the Global Settlement Agreement plainly entitled the plaintiff, upon declaration of an event of default, to recover the outstanding indebtedness and all amounts owing under the existing fixed loan accounts (including interest from 31.7.2010 to the date of event of default); the defendants failed to establish any arguable triable issue on waiver, date of breach, double interest or limitation; therefore summary judgment was appropriate and granted for the sums claimed together with costs and interest.
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.

Malaysia Case Law

1. ) SHANGHAI NATURE GOODNESS DURIO VENTURE CO LTD 2. ) GUO XU 3. ) ROBERT HENRI OLIVER BATREAU 4. ) ONG CHEE KEONG 1. ) NATURE GOODNESS FOOD INDUSTRY SDN BHD 2. ) NATURE GOODNESS DURIO SDN BHD 3. ) CHUAH POH KHIANG 4. ) LIM SIANG SIN 5. )

1. ) BAGAN MASYHUR SDN. BHD. 2. ) G.M.P. MASYHUR SDN. BHD. 3. ) MASYHUR FIRST DEVELOPMENT SDN. BHD. 4. ) ZUIHAIMI BIN ISMAIL PUBLIC BANK BERHAD

DC & A Developments Sdn Bhd C N H Construction (M) Sdn Bhd

PUBLIC BANK BERHAD No. Syarikat: 196501000672 (6463-H) 1. ) Bagan Masyhur Sdn Bhd No. Syarikat: 199201023073 (254577-A) 2. ) G. M. P. Masyhur Sdn Bhd No. Syarikat: 199601010618 (382967-H) 3. ) Zuihaimi bin Ismail (No. KP: 661125-07-5005)

PUBLIC BANK BERHAD [No. Syarikat: 196501000672 (6463-H)] BAGAN MASYHUR SDN. BHD. [No. Syarikat: 199201023073 (254577-A)]