3 May 2023
AMBANK (M) BERHAD 1. ) IKHMAS JAYA SDN. BHD. 2. ) TOP BUILDERS CAPITAL BERHAD (dahulunya dikenali sebagai Ikhmas Jaya Group Berhad)
- Citation
- WA-22NCC-236-05/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-236-05/2022 (Mahkamah Tinggi)
The re-hearing application was dismissed because the defendants failed to provide a valid explanation for delay or evidence of attempts to secure new counsel, failed to demonstrate an arguable defence to the judgment in default, and the Facilities Agreement (Clause 6.6) expressly permitted the plaintiff's daily interest calculation and monthly compounding, so there was no just cause to re-hear.