11 May 2023
KUEEN LAI PROPERTIES SDN BHD [Company No.: 199701006796 (422292-K)] [WAN CHIN & CO.] 1. ) ACE CREDIT (M) SDN. BHD. [Company No.: 200301003436 (605856-V)] [SHAHRIZAT RASHID & LEE] 2. ) CHANG AI NEE [Identity Card No.: 710422105248] [LIZA KHA
- Citation
- KLHC WA-22NCC-513-10/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- KLHC WA-22NCC-513-10/2022 (Mahkamah Tinggi)
The agreement, on its proper construction, is an investment agreement not an unlawful loan; plaintiff satisfied O.14 preliminaries; defendants failed to raise any bona fide triable issue or rebut the plaintiff's evidence (including contemporaneous extension letters acknowledging debt and affidavits rebutting moneylender presumption); accordingly summary judgment was warranted and entered for the plaintiff against all defendants.