30 Mar 2021
CDO RESOURCES SDN BHD (COMPANY NO: 754707-A) …. PLAINTIFF MIDF AMANAH INVESTMENT BANK BERHAD (COMPANY NO: 23878-X) … DEFENDANT
- Citation
- WA-22NCC-11-01/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-11-01/2020 (Mahkamah Tinggi)
Court found there was a clear agreement for a RM5,000,000 extension fee accepted by the plaintiff; the defendant's redemption statement issued under clause 18.4 was final and conclusive; RM2,000,000 was not disbursed by defendant; plaintiff paid the certified redemption sum without objection and is estopped from reclaiming RM5,000,000 or claiming RM2,000,000; accordingly the plaintiff's claim was dismissed with costs.