Malaysia Case Law: Decisions & Judgments

Topic

Third-party charge

Legal area

Court

10 Jan 2025

GOLDEN ROCK SDN BHD MAYBAN FINANCE BERHAD

Citation

J-02(NCvC)(W)-855-05/2022 (Mahkamah Rayuan)
Court

NCvC
Case number

J-02(NCvC)(W)-855-05/2022 (Mahkamah Rayuan)

The trial judge correctly found that Form 75 records receipts and payments but does not conclusively prove discharge of debt; the liquidator's credible testimony rebutted any prima facie inference of full settlement and the Certificate of Indebtedness established an outstanding debt; therefore the High Court's dismissal of the appellant's claim to set aside the Order for Sale was correct and must be affirmed.
18 Oct 2024

Shana Binti Azahari (Pelikuidasi bagi Pihak Mines Resort Sdn Bhd (Dalam Penggulungan)) Malayan Banking Berhad

Citation

BA-22NCC-75-06/2023 (Mahkamah Tinggi)
Court

High Court
Case number

BA-22NCC-75-06/2023 (Mahkamah Tinggi)

Enclosure 92 was allowed: the Court answered both questions in the affirmative because the matters and remedies pursued in the Statement of Claim were substantially the same as those decided in OS 673 and OS 1147 and are therefore barred by res judicata/issue estoppel; additionally the Order for Sale dated 3-7-2020 in OS 673 is a final, valid and binding order and the Court is functus officio to re-decide the validity of the Charge; alleged defects (misdescription, directors' authority) do not amount to a substantive statutory prohibition rendering the prior orders nullities.
7 Feb 2024

DA-28PW-7-08/2023 (Mahkamah Tinggi)

Citation

DA-28PW-7-08/2023 (Mahkamah Tinggi)
Court

High Court
Case number

DA-28PW-7-08/2023 (Mahkamah Tinggi)

Section 524 of the Companies Act 2016 and Items 9-11 of Schedule C of the Insolvency Act 1967 do not apply to a third‑party secured creditor whose security was created by a third party; applying those insolvency provisions to third‑party security would conflict with Section 268(3) National Land Code and would improperly subject non‑bankrupt third‑party property to DGI jurisdiction. Therefore the DGI's rejection of the Petitioner's POD for failure to surrender the third‑party security was set aside and the POD must be admitted.
19 Jan 2024

CIMB BANK BERHAD 1. ) QUICKPACK (MALAYSIA) BERHAD 2. ) Pentadbir Tanah Daerah Hulu Langat

Citation

BA-24NCvC-493-04/2022 (Mahkamah Tinggi)
Court

High Court
Case number

BA-24NCvC-493-04/2022 (Mahkamah Tinggi)

The court held the Land Administrator erred in finding Form 16D was irregular because service by A.R. registered post and on known directors complied with section 431(1)(b)(ii); the vesting order was valid and did not defeat the Plaintiff's standing (vesting under BAFIA/FSA takes effect notwithstanding registration); statutory requirements for Form 16D/Form 16H and notice periods were satisfied (including post‑2017 amendment); therefore there was no cause to the contrary to refuse an order for sale and the Plaintiff's requests were allowed while the First Defendant's strike‑out application wa…
27 Jan 2021

LIFE PARADISE SDN BHD 1. EXPORT-IMPORT BANK OF MALAYSIA BERHAD 2. PENGARAH TANAH DAN GALIAN NEGERI SEMBILAN

Citation

1. N-01(NCVC)(A)-646-11/2019 & W-02(NCVC)(A)-2115-11/2019 (Mahkamah Rayuan)
Court

NCVC
Case number

1. N-01(NCVC)(A)-646-11/2019 & W-02(NCVC)(A)-2115-11/2019 (Mahkamah Rayuan)

Titles were deposited as security for a loan thereby satisfying the preconditions of sections 281 and 330 NLC entitling the respondent to enter lien-holder's caveats; proprietor's express consent was unnecessary where deposit demonstrated intention to secure a loan; section 17 of the Malay Reservations Enactment exempts entities in the Second Schedule (including respondent) so the prohibition in section 10 did not bar creation/registration of the lien and associated caveats; a void third-party charge did not negate the independent statutory lien; therefore the High Court decisions dismissing…
15 Jun 2020

1. ) KANG HAI HOLDING SDN BHD (No. Syarikat: 81076-A) 2. ) DIDENGAR BERSAMA RAYUAN SIVIL NO. J-01(IM)(NCVC)-231-03/2018 1. MEGAFEST SDN BHD (DALAM LIKUIDASI) (NO. SYARIKAT: 189153-H) 2. KETUA PENGARAH INSOLVENSI SELAKU WAKIL SAH DAN PENGURU

Citation

J-01(IM)(NCVC)-232-03/2018 (Mahkamah Rayuan)
Court

IM
Case number

J-01(IM)(NCVC)-232-03/2018 (Mahkamah Rayuan)

On the evidence the appellants failed to prove a conspiratorial agreement, the requisite overt acts causing actionable damage, or breach of fiduciary duties by the named respondents; the High Court's findings were supported by evidence and not plainly wrong, therefore the appeals are dismissed.

Malaysia Case Law

GOLDEN ROCK SDN BHD MAYBAN FINANCE BERHAD

Shana Binti Azahari (Pelikuidasi bagi Pihak Mines Resort Sdn Bhd (Dalam Penggulungan)) Malayan Banking Berhad

DA-28PW-7-08/2023 (Mahkamah Tinggi)

CIMB BANK BERHAD 1. ) QUICKPACK (MALAYSIA) BERHAD 2. ) Pentadbir Tanah Daerah Hulu Langat

LIFE PARADISE SDN BHD 1. EXPORT-IMPORT BANK OF MALAYSIA BERHAD 2. PENGARAH TANAH DAN GALIAN NEGERI SEMBILAN

1. ) KANG HAI HOLDING SDN BHD (No. Syarikat: 81076-A) 2. ) DIDENGAR BERSAMA RAYUAN SIVIL NO. J-01(IM)(NCVC)-231-03/2018 1. MEGAFEST SDN BHD (DALAM LIKUIDASI) (NO. SYARIKAT: 189153-H) 2. KETUA PENGARAH INSOLVENSI SELAKU WAKIL SAH DAN PENGURU