1. ) MEGAH BERKAT SDN BHD 2. ) CHOK TIN YONG 3. ) CHOK TENG HIAN v MBSB BANK BERHAD
Catchwords
Contract — Restitution — Total failure of consideration — Bank guarantee issued with incorrect expiry date — Whether instrument worthless — Whether restitution available — Contracts Act 1950, ss. 40, 65, 71, 74 Banking — Islamic banking — Performance guarantee under kafalah bi al-ujr — Guarantee issued with premature expiry date — Refusal to amend — Whether contrary to purpose of guarantee — Bank Negara Malaysia Kafalah Policy Document considered Unjust enrichment — Fees and charges received for worthless instrument — Whether defendant unjustly enriched — Whether restitutionary remedy available — Contracts Act 1950, s.71
Practice Areas
Judges (1)
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-22m-289-12-2021)