19 Nov 2025
COSMOPOLITAN AVENUE SDN BHD NADAYU PROPERTIES BERHAD
- Citation
- BA-22C-25-07/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22C-25-07/2024 (Mahkamah Tinggi)
The Court found no triable issues: the Plaintiff admitted receipt of the RM6,000,000 advance and the contract terms obligated repayment; the Plaintiff's set‑off case lacked sufficient legal basis to defeat summary judgment; the Defendant rebutted the presumption of being an unlicensed moneylender by evidencing a non‑moneylending relationship, absence of system/continuity of lending, no advertising as a moneylender and non‑exorbitant profit; accordingly summary judgment on the Defendant's Counterclaim was allowed with costs but execution was stayed pending disposal of the Plaintiff's substanti…