CIMB BANK BERHAD v 1. ) STYLO INTERNATIONAL SDN. BHD. 2. ) NANCY YEOH AI SUAN

wa-22ncc-86-02-2024 High Court (Mahkamah Tinggi) 10 April 2025 • WA-22NCC-86-02/2024

Catchwords

Civil procedure – Banking – Summary judgment – Application for – Failure to make installment payments in respect of loan facility granted by plaintiff – Whether the borrower breached the banking facilities – Whether COVID-19 prevents and frustrates borrower’s obligations under the banking facilities – Whether banking facilities varied – Whether variation, if any, extinguishes guarantor’s liability – Whether demand and termination notices were effectively served – whether claim is premature – Joint and several guarantee – Principal liability clause – Indemnity clause – Certificate of Indebtedness – Conclusive Evidence Clause – Whether defendants have shown evidence of manifest error– Whether defendants successfully raised triable issues – Rules of Court 2012, Order 14 rr 1, 3 – Contracts Act 1950, s.77, s.78, s.86, & s. 88.

Practice Areas

Civil Procedure Contract

Judges (1)

Yusrin Faidz bin Yusoff Delivered

Parties (3)

CIMB BANK BERHAD Plaintiff STYLO INTERNATIONAL Sdn Bhd Defendant Nancy Yeoh Ai Suan Defendant

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22ncc-86-02-2024)