9 Oct 2025
MBSB BANK BERHAD WARDAH PROPERTIES SDN BHD
- Citation
- WA-24MFC-189-02/2025 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24MFC-189-02/2025 (Mahkamah Tinggi)
The court found the Plaintiff proved proper service and satisfied statutory prerequisites; foreclosure under Section 256 is an in rem remedy independent of the in personam setting-aside application; the Mareva injunction bound the parent company only and did not legally prevent enforcement of the Defendant's charged property by the secured creditor; accordingly no cause to the contrary was established and an order for sale was required under Section 256(3) NLC.