Malaysia Case Law: Decisions & Judgments | LexChat

Malaysia Case Law

Reserve price fixation
  • 10 Dec 2025

    BANK ISLAM MALAYSIA BERHAD QUANTUM MAJESTY SDN. BHD.

    Citation
    KA-38-14-01/2025 (Mahkamah Tinggi)
    Court
    High Court
    Case number
    KA-38-14-01/2025 (Mahkamah Tinggi)

    The SAR did not err: the Order for Sale was final and affirmed on appeal so substantive challenges to indebtedness, validity of Form 16D, and alleged Shariah issues could not be litigated at enforcement; the execution court is limited to auction management under Sections 256–259 NLC and may fix a reduced reserve price after failed auctions; the Plaintiff's valuation for forced sale was appropriate and the Defendant failed to produce a competing substantive valuation on the correct basis; appeal dismissed with costs.