BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) GM HEALTHCARE SDN BHD & 1 LAGI 2. ) Sunshine Fleet Sdn Bhd 3. ) Frontier Structure Sdn Bhd 4. ) Ahmad Zaim Bin Hilmi 5. ) Chua Zhi Bin 6. ) Ng Lee Sen
Catchwords
whether a breach of a facility agreement by a bank exonerates the borrower and guarantors from repayment of the outstanding debt whether a bank breached a facility agreement by not making payment when it was served with notice of a pending Mareva injunction proceeding the application of the relation back theory
Practice Areas
whether a breach of a facility agreement by a bank exonerates the borrower and guarantors from repayment of the outstanding debt whether a bank breached a facility agreement by not making payment when it was served with notice of a pending Mareva injunction proceeding the application of the relation back theory
Judges (3)
Case Significance
BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) GM HEALTHCARE SDN BHD & 1 LAGI 2... is a Federal Court (Mahkamah Persekutuan) decision dated March 13, 2024 (citation: 02f-62-10-2023w). The panel comprised Hasnah binti Dato' Mohammed Hashim, Nallini Pathmanathan and Rhodzariah binti Bujang, with Nallini Pathmanathan delivering the judgment.
Key issues: whether a breach of a facility agreement by a bank exonerates the borrower and guarantors from repayment of the outstanding debt.
What was the outcome of BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) GM HEALTHCARE SDN BHD & 1 LAGI 2...?
BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) GM HEALTHCARE SDN BHD & 1 LAGI 2... is a Federal Court decision dated March 13, 2024. The case was heard by Hasnah binti Dato' Mohammed Hashim. See the full judgment for details.