BANK BUMIPUTRA MALAYSIA BHD V. SAL ENTERPRISE SDN BHD & ORS
- Citation
- BANK BUMIPUTRA MALAYSIA BHD V. SAL ENTERPRISE SDN BHD & ORS
- Court
- Malaysian court
The Court held the facility was an overdraft governed by express pre-disbursement conditions; those conditions were not met, the bank lawfully limited disbursement and recalled the facility after the borrower failed to service monthly interest; the borrower failed to prove the set-off for projected profits; guarantors who executed the guarantee are liable; accordingly the bank's claim for RM333,947.99 with interest succeeds.