20 Oct 2021
PEMIUTANG PENGHAKIMAN Credit Guarantee Corporation Malaysia Berhad PENGHUTANG PENGHAKIMAN Lee Hee Hong
- Citation
- PA-29NCC-1091-09/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-29NCC-1091-09/2019 (Mahkamah Tinggi)
The appeal is dismissed: the 2015 judgment authorised interest at 12.05% per annum to be calculated on a 'monthly basis' (monthly rest), which is compound interest; the bankruptcy notice used the monthly-rest formula and therefore complied with the judgment; the RM1.98 understatement of penalty interest was a formal, non-prejudicial error curable under section 131; and the earlier set-aside did not estop filing a corrected fresh notice.