18 Feb 2024
ALLIANCE BANK MALAYSIA BERHAD 1. ) SONGMART MALAYSIA SDN BHD 2. ) TAN BOON KOK 3. ) TENG KOK GUAN 4. ) TAN AH MAI 5. ) MERCURIUS CAPITAL INVESTMENT LIMITED 6. ) SONGMART HOLDINGS SDN BHD
- Citation
- JA-22NCC-32-05/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-22NCC-32-05/2023 (Mahkamah Tinggi)
Deputy Registrar's timeline and explanations justified admission of the late affidavit; defendants failed to establish any triable issue because guarantees and facilities agreements expressly allowed the bank to recall/terminate and to pursue guarantors without exhausting securities, and the default interest was contractually agreed and not shown to be unconscionable; therefore summary judgment was appropriate and granted to the plaintiff.