LIMRA FIDEM SDN BHD v E-HONG HOLDINGS SDN BHD
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Counsel (6)
Case Significance
LIMRA FIDEM SDN BHD v E-HONG HOLDINGS SDN BHD is a High Court (Mahkamah Tinggi) decision dated December 9, 2025 (citation: ba-24fc-895-08-2025). <p>A licensed moneylender sought an order for sale of land in Semenyih charged as security for a RM46 million loan after the borrower defaulted. The High Court allowed the application, rejecting all four grounds of opposition including that the originating summons was premature, the moneylending agreement was void, there was cause to the contrary, and the statement of account was insufficient.</p> The case was decided by Seow Hock Peng. Counsel appearing: Chau Yen Zhe (counsel for plaintiff), Gary Au Kar Meng (counsel for defendant), Manpal Singh Sacdev a/l Manjit Singh (counsel for defendant), Tan Gideon (counsel for plaintiff).
Summary
A licensed moneylender sought an order for sale of land in Semenyih charged as security for a RM46 million loan after the borrower defaulted. The High Court allowed the application, rejecting all four grounds of opposition including that the originating summons was premature, the moneylending agreement was void, there was cause to the contrary, and the statement of account was insufficient.
What was the outcome of LIMRA FIDEM SDN BHD v E-HONG HOLDINGS SDN BHD?
<p>A licensed moneylender sought an order for sale of land in Semenyih charged as security for a RM46 million loan after the borrower defaulted. The H...