BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) GM HEALTHCARE SDN BHD & 1 LAGI 2. ) Sunshine Fleet Sdn Bhd 3. ) Frontier Structure Sdn Bhd 4. ) Ahmad Zaim Bin Hilmi 5. ) Chua Zhi Bin 6. ) Ng Lee Sen

02f-62-10-2023w Federal Court (Mahkamah Persekutuan) 13 March 2024 • 02(f)-62-10/2023(W)

Catchwords

whether a breach of a facility agreement by a bank exonerates the borrower and guarantors from repayment of the outstanding debt whether a bank breached a facility agreement by not making payment when it was served with notice of a pending Mareva injunction proceeding the application of the relation back theory

Judges (3)

Hasnah binti Dato' Mohammed Hashim Coram Nallini Pathmanathan Delivered Rhodzariah binti Bujang Coram

Parties (7)

BANK KERJASAMA RAKYAT MALAYSIA BERHAD Appellant Frontier Structure Sdn Bhd Respondent GM HEALTHCARE Sdn Bhd Respondent Sunshine Fleet Sdn Bhd Respondent Ahmad Zaim bin Hilmi Respondent Chua Zhi bin Respondent Ng Lee Sen Respondent

Case Significance

BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) GM HEALTHCARE SDN BHD & 1 LAGI 2... is a Federal Court (Mahkamah Persekutuan) decision dated March 13, 2024 (citation: 02f-62-10-2023w). The panel comprised Hasnah binti Dato' Mohammed Hashim, Nallini Pathmanathan and Rhodzariah binti Bujang, with Nallini Pathmanathan delivering the judgment.

Key issues: whether a breach of a facility agreement by a bank exonerates the borrower and guarantors from repayment of the outstanding debt.

What was the outcome of BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) GM HEALTHCARE SDN BHD & 1 LAGI 2...?

BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) GM HEALTHCARE SDN BHD & 1 LAGI 2... is a Federal Court decision dated March 13, 2024. The case was heard by Hasnah binti Dato' Mohammed Hashim. See the full judgment for details.

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (02f-62-10-2023w)