12 Dec 2022
MANMOHAN SAMRA 1. ) Sandave Singh A/l Harbhajan Singh (Sebagai Wakil Harta Pusaka Harbhajan Singh A/l Gurmukh Singh, No. Kp: 630515065353, Si Mati) 2. ) SANDAVE SINGH A/L HARBHAJAN SINGH 3. ) TRANSFORM MIRAGE SDN BHD
- Citation
- CB-22NCvC-5-03/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- CB-22NCvC-5-03/2019 (Mahkamah Tinggi)
On the facts the Court found the transaction was a lawful loan/investment agreement and not a moneylending business under the Moneylenders Act 1951 because there was no evidence the Plaintiff carried on moneylending as a business; the contract was therefore not illegal under s.24 Contracts Act 1950; Plaintiff failed to prove any enforceable claim against the 1st and 2nd Defendants but established an unpaid balance of RM559,467.23 against the 3rd Defendant as admitted in evidence.