KOPERASI NIAGA PEGAWAI-PEGAWAI LEMBAGA PERTUBUHAN PELADANG BHD LWN.
- Citation
- KOPERASI NIAGA PEGAWAI-PEGAWAI LEMBAGA PERTUBUHAN PELADANG BHD LWN.
- Court
- Malaysian court
The court found on the balance of probabilities that the lots in the sale plan corresponded to the registered titles and that the full purchase price was received on 21 January 1986; consequently Jaya Kencana became a bare trustee as of that date and lacked power to create the security. Therefore the lien-holder caveats lodged by Southern Finance (and now Southern Bank) were invalid and were ordered removed; plaintiff's reliefs were granted with costs.