27 Jan 2021
LIFE PARADISE SDN BHD 1. EXPORT-IMPORT BANK OF MALAYSIA BERHAD 2. PENGARAH TANAH DAN GALIAN NEGERI SEMBILAN
- Citation
- 1. N-01(NCVC)(A)-646-11/2019 & W-02(NCVC)(A)-2115-11/2019 (Mahkamah Rayuan)
- Court
- NCVC
- Case number
- 1. N-01(NCVC)(A)-646-11/2019 & W-02(NCVC)(A)-2115-11/2019 (Mahkamah Rayuan)
Titles were deposited as security for a loan thereby satisfying the preconditions of sections 281 and 330 NLC entitling the respondent to enter lien-holder's caveats; proprietor's express consent was unnecessary where deposit demonstrated intention to secure a loan; section 17 of the Malay Reservations Enactment exempts entities in the Second Schedule (including respondent) so the prohibition in section 10 did not bar creation/registration of the lien and associated caveats; a void third-party charge did not negate the independent statutory lien; therefore the High Court decisions dismissing…