MAYBANK ISLAMIC BERHAD v 1. ) CARZO IMPORT (M) SDN BHD 2. ) DELON LEE KEAN YIP 3. ) CHEONG WAI KEH 4. ) CARZO HOLDINGS BERHAD

wa-22m-100-01-2025 High Court (Mahkamah Tinggi) 8 June 2025 • WA-22M-100-01/2025

Catchwords

Civil procedure – Banking and Finance — Islamic banking — Summary judgment — Recovery of outstanding sums under Murabahah term financing, Cashline-i and Tradeline-i facilities – Whether genuine triable issues raised – Defence based on non-receipt of demand letter – Whether the claim is premature – Whether proceedings must first be taken against the principal borrower before recourse to the guarantors – Guarantee and Indemnity – Whether certificate of indebtedness conclusive – Whether service of certificate upon defendants a precondition –Whether defendants have proven manifest error – Principal liability clause – Indemnity clause – Rules of Court 2012, Order 14 rr 1, & 3.

Practice Areas

Civil Procedure Islamic Banking & Finance

Judges (1)

Yusrin Faidz bin Yusoff Delivered

Parties (5)

CARZO HOLDINGS BERHAD Defendant CARZO IMPORT Sdn Bhd Defendant MAYBANK ISLAMIC BERHAD Plaintiff Cheong Wai Keh Defendant Delon Lee Kean Yip Defendant

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22m-100-01-2025)