18 Feb 2025
DATIN SRI AIDARAHMI BINTI ISMAIL 1. ) ACE CREDIT (M) SDN. BHD. 2. ) CHOONG CHEE MENG 3. ) CHANG AI NEE
- Citation
- WA-22NCC-587-08/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-587-08/2023 (Mahkamah Tinggi)
The written Investment Agreements unambiguously obligated the First Defendant to pay the agreed targeted returns (18% p.a.) and repay principal at maturity (Sections 2.01–2.03); Section 4.03 did not render payment conditional on profitability; the Plaintiff successfully rebutted the s10OA presumption and was not a moneylender; the Second and Third Defendants executed clear written guarantees and are jointly and severally liable; consequently judgment is entered for the Plaintiff for the sums claimed and costs.