Malaysia Case Law: Decisions & Judgments

Topic

Termination of facility

Legal area

Court

19 Nov 2024

AMBANK(M) BERHAD 1. ) PRECIOUS CONCRETE SDN BHD 2. ) C&L MINERALS SDN BHD 3. ) LAW THIEN LOY 4. ) CHUAH CHONG EE 5. ) CHOO KHEN LON

Citation

WA-22NCC-301-05/2024 (Mahkamah Tinggi)
Court

High Court
Case number

WA-22NCC-301-05/2024 (Mahkamah Tinggi)

Defendants failed to demonstrate any bona fide defence or manifest error in the Certificate of Indebtedness; the guarantees are continuing and enforceable despite resignation or rescheduling; therefore summary judgment is appropriate and the 2nd–5th Defendants are liable for the sums claimed; the claim against the 1st Defendant is struck out due to winding up with liberty to file afresh.
10 May 2024

United Overseas Bank (Malaysia) Bhd 1. ) TRT Engineering (M) Sdn. Bhd 2. ) Subramaniam A/L Natesan 3. ) Geetha A/P Trimoorthi 4. ) Sarina Binti Mohd Ali

Citation

BL-22NCC-16-11/2023 (Mahkamah Tinggi)
Court

High Court
Case number

BL-22NCC-16-11/2023 (Mahkamah Tinggi)

Plaintiff fulfilled the statutory and evidential prerequisites for judgment under Order 14; defendants failed to adduce affidavits or contemporaneous documentary evidence raising triable issues or demonstrating that notification letters or any alleged collateral agreement varied the written facility terms; guarantor clause rendered defendants liable as principal debtors; therefore summary judgment was appropriate and granted with costs.
19 Aug 2022

HSBC BANK MALAYSIA BERHAD CHANG KOK KHEONG

Citation

AA-A52NCC-83-11/2021 (Mahkamah Sesyen)
Court

Sessions Court
Case number

AA-A52NCC-83-11/2021 (Mahkamah Sesyen)

Defendant failed to raise any triable issue supported by non-equivocal evidence; account statements were undisputed contemporaneous documents, defendant's payment constituted acknowledgment of debt, no undue delay by plaintiff, therefore summary judgment properly entered for plaintiff for the outstanding balance.
26 Jul 2022

BANK PERTANIAN MALAYSIA BERHAD 1. ) NALURI MILENIUM SDN BHD 2. ) AWAN TIMUR KLUANG SDN BHD

Citation

JA-22M-39-09/2021 (Mahkamah Tinggi)
Court

High Court
Case number

JA-22M-39-09/2021 (Mahkamah Tinggi)

The court found the First Defendant breached the affirmative covenants (Clause 21) thereby triggering an event of default (Clause 32); the Plaintiff was therefore entitled to withhold the balance facility, validly terminated the financing, and the notices of termination and demand were enforceable; Defendants failed to raise triable issues, so summary judgment was proper.
29 Mar 2022

EVERGREEN CORPORATE SDN BHD EXPORT-IMPORT BANK OF MALAYSIA BERHAD

Citation

WA-22M-265-07/2020 (Mahkamah Tinggi)
Court

High Court
Case number

WA-22M-265-07/2020 (Mahkamah Tinggi)

Plaintiff failed to prove on the balance of probabilities that all conditions precedent and additional conditions precedent were fulfilled by the time of termination; the Facility Agreement expressly made Defendant’s obligation conditional on full compliance and vested Defendant with an absolute contractual right to terminate under clauses 6.2 and 6.4 and upon expiry of the Availability Period; accordingly Defendant validly terminated and Plaintiff’s claim is dismissed.
12 Nov 2019

RHB BANK BERHAD (COMPANY NO.: 6171-M) 1. VACATION ASIA (MY) SDN. BHD. (COMPANY NO.: 141295-H) 2. GAN ENG KWONG (NRIC No.: 500624-10-5689) 3. IRENE TAN (NRIC No.: 550209-08-5014)

Citation

WA-22NCC-364-07/2019 (Mahkamah Tinggi)
Court

High Court
Case number

WA-22NCC-364-07/2019 (Mahkamah Tinggi)

Plaintiff satisfied Order 14 preliminary requirements and established a prima facie case by contemporaneous documents and a Certificate of Indebtedness; Defendants produced only bare assertions without documentary evidence to rebut the debt or raise bona fide triable issues; contractual terms authorized default interest and governed notice; guarantees were validly executed; therefore summary judgment was appropriate.

Malaysia Case Law

AMBANK(M) BERHAD 1. ) PRECIOUS CONCRETE SDN BHD 2. ) C&L MINERALS SDN BHD 3. ) LAW THIEN LOY 4. ) CHUAH CHONG EE 5. ) CHOO KHEN LON

United Overseas Bank (Malaysia) Bhd 1. ) TRT Engineering (M) Sdn. Bhd 2. ) Subramaniam A/L Natesan 3. ) Geetha A/P Trimoorthi 4. ) Sarina Binti Mohd Ali

HSBC BANK MALAYSIA BERHAD CHANG KOK KHEONG

BANK PERTANIAN MALAYSIA BERHAD 1. ) NALURI MILENIUM SDN BHD 2. ) AWAN TIMUR KLUANG SDN BHD

EVERGREEN CORPORATE SDN BHD EXPORT-IMPORT BANK OF MALAYSIA BERHAD

RHB BANK BERHAD (COMPANY NO.: 6171-M) 1. VACATION ASIA (MY) SDN. BHD. (COMPANY NO.: 141295-H) 2. GAN ENG KWONG (NRIC No.: 500624-10-5689) 3. IRENE TAN (NRIC No.: 550209-08-5014)