MAA CREDIT BERHAD v ALAM PAHLAWAN SDN BHD

wa-24fc-1377-09-2024 High Court (Mahkamah Tinggi) 22 April 2025 • WA-24FC-1377-09/2024

Catchwords

Moneylending – section 17(1) MLA 1951 provides that interest payable for the period of the loan is capitalised at the end of this period, and default interest charged thereon is not considered as interest on interest Land law – demand for an amount in breach of section 17 (1) MLA 1951 amounts to an unlawful demand in contravention of a rule of law and is a cause to the contrary sufficient to defeat an enforcement of a charge action

Practice Areas

Judges (1)

Su Tiang Joo Delivered

Parties (2)

ALAM PAHLAWAN Sdn Bhd Respondent MAA CREDIT BERHAD Applicant

Judgment

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Read on eJudgment

Source: eJudgment (wa-24fc-1377-09-2024)