MBSB BANK BERHAD v WARDAH PROPERTIES SDN BHD

wa-24mfc-189-02-2025 High Court (Mahkamah Tinggi) 8 October 2025 • WA-24MFC-189-02/2025

Catchwords

Land Law – Foreclosure – Tawarruq facilities – Default – Secured lending – Legal charge – Statutory notice – Form 16D – Service – Deeming provisions – Whether Plaintiff satisfied statutory conditions precedent – Pending application to set aside default judgment in separate suit – Whether Mareva injunction affects the Plaintiff bank as third-party secured creditor – Corporate separateness – Subsidiary assets – Injunction against parent company – Whether restrains sale of charged property owned by subsidiary – Cause to the contrary – Whether Defendant established cause to the contrary – National Land Code 1965, s.254 & s.256 – Rules of Court 2012, O.2 r.3, O.28 & O.83 r.1.

Practice Areas

Land Law

Judges (1)

Yusrin Faidz bin Yusoff Delivered

Parties (2)

MBSB BANK BERHAD Applicant WARDAH PROPERTIES Sdn Bhd Respondent

Case Significance

MBSB BANK BERHAD v WARDAH PROPERTIES SDN BHD is a High Court (Mahkamah Tinggi) decision dated October 8, 2025 (citation: wa-24mfc-189-02-2025). The case was decided by Yusrin Faidz bin Yusoff.

What was the outcome of MBSB BANK BERHAD v WARDAH PROPERTIES SDN BHD?

MBSB BANK BERHAD v WARDAH PROPERTIES SDN BHD is a High Court decision dated October 8, 2025. The case was heard by Yusrin Faidz bin Yusoff. See the full judgment for details.