PERUMAHAN WIRA SEBERANG PERAI SDN BHD V HONG HENG FINANCE BERHAD
- Citation
- PERUMAHAN WIRA SEBERANG PERAI SDN BHD V HONG HENG FINANCE BERHAD
- Court
- Malaysian court
The charge did not contravene s.67 because the loan was granted in 1997 to redeem a prior BMBB loan and for working capital/preliminary expenses while the alleged share purchase occurred in 1992; alternatively, even if s.67 applied, s.67(6) permits recovery and the bank may enforce the charge, so the strike-out was properly upheld; appeal dismissed with costs.