MOSCOW NORADNY BANK LTD V NGAN CHING WEN
- Citation
- MOSCOW NORADNY BANK LTD V NGAN CHING WEN
- Court
- Malaysian court
The Court held that (1) the date interest becomes due for the purposes of s.6(3) Limitation Act 1953 is the judgment date and not the date of commencement of interest stated in the judgment, and (2) acceptance by the creditor of part-payments after institution of bankruptcy proceedings does not in itself amount to an abuse of process or an accord and satisfaction where the creditor treats the payments as part-payment and intends to hand monies to the official assignee; the petition remains valid so long as the debt at hearing exceeds the statutory minimum.