22 May 2023
ADEMCO SECURITY GROUP PTE.LTD. XECURETRONIX SDN. BHD
- Citation
- WA-A72NCvC-1616-03/2021 (Mahkamah Majistret)
- Court
- Magistrates' Court
- Case number
- WA-A72NCvC-1616-03/2021 (Mahkamah Majistret)
The written Project Business Loan Agreement is valid and enforceable (part performance and payment accepted), the RM91,000.00 was a loan not an investment, the Defendant breached clause 3 by failing to pay, collateral evidence about shareholdings is irrelevant and inadmissible to vary the written contract, and the Plaintiff is entitled to the principal sum with interest and costs.