1. ) ST HEALTHCARE GROUP SDN. BHD. 2. ) NORAISHAH BINTI ABDUL HALIM 3. ) SAFARUDIN BIN TAMBI v MODALKU VENTURES SDN. BHD.

ba-12ancc-48-10-2025 High Court (Mahkamah Tinggi) 13 April 2026 • BA-12ANCC-48-10/2025 • 28 min read

27 cases cited (0 SG, 27 foreign)

Catchwords

Civil Procedure — Summary judgment — Order 14 Rules of Court 2012 — Certificate of Indebtedness — Conclusive evidence clause — Whether manifest error shown — Effect of successive statements of account — Settlement Agreement — Novation — Whether settlement agreement extinguished original debt or preserved right to sue upon default. Civil Procedure — Striking out — Order 18 rule 19 Rules of Court 2012 — Counterclaim — Reasonable cause of action — Abuse of process — Jurisdiction of Sessions Court to grant declaratory relief — Harmonization of sections 65(5)(b) and 69(g) of the Subordinate Courts Act 1948 — Pleading requirements for general, aggravated, and exemplary damages. Banking and Finance — Peer-to-peer (P2P) financing — Recognised Market Operator (RMO) — Licensing under Capital Markets and Services Act 2007 — Whether separate license required under Financial Services Act 2013 — Agency framework vs. direct lending — Allegations of ultra vires operations. Contract — Unconscionability — Unequal bargaining power — Penalty clauses — Interest and late payment charges — Whether terms in a Letter of Offer and subsequent Settlement Agreement were unconscionable — Impact of prior commercial conduct and partial performance.

Practice Areas

Civil Procedure Contract

Judges (1)

Shoba Rajah a/p Dorai Rajah Delivered

Counsel (6)

Cheah Teh & Su Firm Izad Kazran & Co. Firm Bong Lep Siong Counsel Appellant Ho Chan Chon Counsel Respondent Kho Se Jia Counsel Respondent See Cai Xia Counsel Respondent

Parties (4)

MODALKU VENTURES Sdn Bhd Respondent ST Healthcare Group Sdn Bhd Appellant Noraishah binti Abdul Halim Appellant Safarudin bin Tambi Appellant

Statutes Cited

Capital Markets and Services Act 2007

s 34

Contracts Act 1950

s 24

Rules of Court 2012

Subordinate Courts Act 1948 (Cap 92)

s 65(5)(b) s 69(g)

Cases Cited (27)

MY (27)

[1981] 1 MLJ 282 [1992] 1 MLJ 400 [1993] 4 CLJ 7 [1995] 1 CLJ 69 [1995] 2 CLJ 374 [2001] 3 CLJ 98 [2005] 6 MLJ 625 [2005] 7 MLJ 289 [2006] 3 CLJ 544 [2006] 7 MLJ 203 [2007] 5 MLJ 13 [2008] 2 MLJ 11 [2008] 3 MLJ 309 [2008] 7 CLJ 754 [2010] 4 CLJ 388 [2010] 5 CLJ 177 [2011] 1 MLJ 107 [2012] 1 CLJ 75 [2015] 5 CLJ 602 [2016] 3 CLJ 1 [2018] 10 MLJ 257 [2018] 9 MLJ 664 [2019] 2 CLJ 723 [2020] 4 CLJ 449 [2020] 4 CLJ 490 [2022] 8 CLJ 464 [2025] 1 CLJ 851

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (ba-12ancc-48-10-2025)