7 Sept 2022
1. ) NG THENG HOOI 2. ) TAN CHIN NEE 1. ) YEOH SOON HUAT 2. ) SHAHRIL BIN AHMAD
- Citation
- PB-A52NCvC-3-01/2021 (Mahkamah Sesyen)
- Court
- Sessions Court
- Case number
- PB-A52NCvC-3-01/2021 (Mahkamah Sesyen)
Court found plaintiffs failed to prove the transfer was an investment; the evidence establishes a loan transaction and only RM97,000 was proven to have been transferred (RM100,000 less RM3,000 taken as immediate repayment). The vehicles were surrendered voluntarily by the second plaintiff as security. Relief granted to defendants limited to repayment of RM97,000; plaintiffs may reclaim vehicles only upon payment of RM97,000, or elect to have the vehicles valued at 2020 market rates with the sale value applied to the RM97,000 debt and any surplus returned to plaintiffs. Claims for aggravated o…