1 Apr 2024
MALAYAN BANKING BERHAD ONG CHIN YET
- Citation
- BA-24FC-897-09/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24FC-897-09/2023 (Mahkamah Tinggi)
The Plaintiff, as a secured creditor, validly elected under section 8(2) Insolvency Act 1967 to stand outside the Defendant's bankruptcy and to enforce its statutory remedy in rem under s256 National Land Code without naming the DGI; the DGI was served and gave no objection; there was no statutory breach, and the Order for Sale was regularly obtained and therefore not set aside.