26 Nov 2024
OSK CAPITAL SDN. BHD. BUMI RIA DEVELOPMENT SDN. BHD.
- Citation
- BA-24FC-814-08/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24FC-814-08/2024 (Mahkamah Tinggi)
The court found the plaintiff had a registered charge and had complied with the statutory preconditions in Sections 254–256 NLC and Order 83 Rules of Court 2012, produced compliant account statements and lawful interest calculations under the Moneylenders Act, and the defendant failed to discharge the burden of proving any 'cause to the contrary'; accordingly the originating summons seeking an order for sale by public auction was granted.