1. ) LKW INDUSTRIAL SDN. BHD. 2. ) LEE KOK WAI 3. ) MOEY MEI YOKE v AMBANK (M) BERHAD

wa-12ancc-23-03-2024 High Court (Mahkamah Tinggi) 28 July 2024 • WA-12ANCC-23-03/2024 • 10 min read
6 cases cited (0 SG, 6 foreign)

Outcome

For the reasons stated above, I dismissed this Appeal with costs in favour of the Respondent and upheld the Summary Judgment granted by the Sessions Court.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-12ancc-23-03-2024). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

Banking - Term Loan Facility - Summary judgment - Order 14 Rules of Court 2012 - Appeal against Sessions Court decision - Credit Guarantee Corporation guarantee - Whether condition precedent fulfilled - Effect of CGC guarantee on borrower's and guarantors' liability - Repayment arrangement - Whether superseded original facility terms - Certificate of indebtedness - Conclusive proof of outstanding amount - Letters of demand - Sufficient notice to all parties - Disbursement of facility - Whether properly pleaded and proven - Appellants approbating and reprobating

Practice Areas

Banking & Finance Civil Procedure

Judges (1)

Wan Muhammad Amin bin Wan Yahya Delivered

Counsel (5)

B H Gan Nor & Kim Firm Shahabudin & Rozima Firm Nadia binti Ahmad Suhaidin Counsel Appellant Nur Syahirah binti Mohamad Taib Counsel Respondent Siti Nurazwani Binti Zulkeflee Counsel Appellant

Parties (4)

AMBANK BERHAD Respondent LKW INDUSTRIAL Sdn Bhd Appellant Lee Kok Wai Appellant Moey Mei Yoke Appellant

Statutes Cited

Rules of Court 2012

Cases Cited (6)

MY (6)
[1984] 2 MLJ 300 [1992] 1 MLJ 400 [1997] 1 MLJ 77 [2006] 3 CLJ 544 [2012] 1 MLJ 761 [2012] 2 CLJ 16

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-12ancc-23-03-2024)