MIDF AMANAH INVESTMENT BANK BERHAD v TAN SRI MUHAMMAD IKMAL OPAT BIN ABDULLAH

wa-22ncc-674-09-2024 High Court (Mahkamah Tinggi) 4 March 2025 • WA-22NCC-674-09/2024

Catchwords

Order 14 Rule 1, Rules of Court 2012 – Summary Judgment Application for outstanding sums under a Margin Facility - Defendant’s failure to make payment of outstanding sums and to maintain the Equity Ratio prescribed under the Facility– Defendant fails to remedy the breaches – Whether there was delay and/or negligence in the forced sale of the Mortgaged Securities – The Plaintiff has absolute discretion in carrying out of the sale as provided in the terms of the Facility contractually agreed by the Defendant - the Defendant failed to demonstrate any bona fide triable issues to merit the claims to go for trial. Summary Judgment granted.

Practice Areas

Order 14 Rule 1, Rules of Court 2012

Judges (1)

Ong Chee Kwan Delivered

Parties (2)

MIDF AMANAH INVESTMENT BANK BERHAD Plaintiff Tan Sri Muhammad Ikmal Opat bin Abdullah Defendant

Case Significance

MIDF AMANAH INVESTMENT BANK BERHAD v TAN SRI MUHAMMAD IKMAL OPAT BIN ABDULLAH is a High Court (Mahkamah Tinggi) decision dated March 4, 2025 (citation: wa-22ncc-674-09-2024). The case was decided by Ong Chee Kwan.

What was the outcome of MIDF AMANAH INVESTMENT BANK BERHAD v TAN SRI MUHAMMAD IKMAL OPAT BIN ABDULLAH?

MIDF AMANAH INVESTMENT BANK BERHAD v TAN SRI MUHAMMAD IKMAL OPAT BIN ABDULLAH is a High Court decision dated March 4, 2025. The case was heard by Ong Chee Kwan. See the full judgment for details.