CIMB BANK BERHAD v 1. ) CHAN KIM GOH 2. ) CHAN KUM CHONG

wa-22ncc-163-03-2024 High Court (Mahkamah Tinggi) 17 September 2024 • WA-22NCC-163-03/2024 • 8 min read
3 cases cited (0 SG, 3 foreign)

Outcome

For the abovesaid reasons, I dismissed this Application with costs.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-22ncc-163-03-2024). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

Banking - Guarantors - Summary judgment - Order 14 Rules of Court 2012 - Term loan facilities - Default in payment - Appointment of Receiver and Manager - Right to pursue multiple remedies concurrently - Whether disposal of charged properties necessary before suing guarantors - Whether claim time-barred - Section 6 Limitation Act 1953 - Cause of action for guarantors accruing from date of demand - Effect of variation of terms - Statement of Account/Certificate of Indebtedness as conclusive evidence - Receiver as agent of borrower not bank

Practice Areas

Banking & Finance Civil Procedure Limitation

Judges (1)

Wan Muhammad Amin bin Wan Yahya Delivered

Counsel (5)

Ramesh Dipendra Jeremiah Law Firm Rejinder Singh & Associates Firm Mohamad Fauzi Counsel Defendant Muhammad Amir Arif bin Mawardy Counsel Plaintiff Ramesh Sathasivam Counsel Plaintiff

Parties (3)

CIMB BANK BERHAD Plaintiff Chan Kim Goh Defendant Chan Kum Chong Defendant

Statutes Cited

Courts of Judicature Act 1964 (Cap 91)
Insolvency Act 1967 (Cap 360)

Cases Cited (3)

MY (3)
[1989] 1 MLJ 475 [2002] 3 CLJ 380 [2003] 4 CLJ 1

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22ncc-163-03-2024)