21 Apr 2025
LUA THIANG POH 1. ) KABIR SINGH A/L JAGIR SINGH 2. ) JASMINDER KAUR A/P JASBIR SINGH 3. ) MANJEET SINGH A/L DARSHAN SINGH 4. ) KAWALJEET KAUR A/P DARSHAN SINGH 5. ) YOKIN RESOURCES SDN. BHD.
- Citation
- WA-22NCC-283-06/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-283-06/2022 (Mahkamah Tinggi)
Promissory notes were inadmissible and unenforceable because stamping occurred after execution and lacked proper LHDN endorsement; no consideration moved to the individual makers (D1–D4) so the notes are void as against them; the transactions were loans not investments and the plaintiff failed to rebut the s10OA presumption, rendering the agreements void under s15 of the Moneylenders Act 1951; plaintiff also failed the contractual 3‑month notice requirement; claim dismissed and plaintiff ordered to pay defendants' costs.