2 Feb 2024
GRANSTEP DEVELOPMENT SDN BHD 1. ) TAN SOON LIN 2. ) TAN SOON CHER 3. ) TAN CHUI HOON 4. ) LEE TIEN LIT
- Citation
- WA-22C-116-11/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22C-116-11/2020 (Mahkamah Tinggi)
The court held the Performance Guarantee's express terms made it an unconditional on‑demand guarantee payable upon demand without proof of contractor default; the Plaintiff's demand was therefore valid and not premature; the 5th Defendant failed to prove duress; adequate consideration existed under s80 and relevant authorities; enforcement was not unconscionable; judgment entered for the Plaintiff against the 5th Defendant for RM7,800,000 plus interest and costs.