OSK CAPITAL SDN. BHD. v LEE KAM KOAK

ba-24fc-813-08-2024 High Court (Mahkamah Tinggi) 22 January 2025 • BA-24FC-813-08/2024 • 12 min read

18 cases cited (0 SG, 18 foreign)

Catchwords

This case arises from a clash of claims over a piece of charged land, a moneylending agreement, and the legal boundaries of enforcement pursuant to section 256 of the National Land Code. The Plaintiff, invoking its rights under a registered charge, seeks an Order for Sale and other consequential reliefs against the Defendant’s land. The Defendant, while conceding to the execution of a Moneylending Agreement on 27 September 2021 for a credit facility of RM3,000,000.00 between the Plaintiff and the borrower and the subsequent registration of the third-party charge, mounts a vigorous challenge. Central to this dispute is the Defendant’s assertion that the Moneylending Agreement is fraught with fundamental issues – issues so critical that the Defendant asserts as purportedly constituting a “cause to the contrary” within the meaning of section 256(3) of the National Land Code. This application, therefore, rests on a delicate intersection of fact and law, warranting careful judicial scrutiny.

Judges (1)

Choong Yeow Choy Delivered

Counsel (5)

Manjit Singh Sachdev Mohammad Radzi & Partners Firm Sidek Teoh Wong & Dennis Firm Chuah Chen Yean Counsel Plaintiff Gary Au Kar Meng Counsel Defendant Manpal Singh Sacdev a/l Manjit Singh Counsel Defendant

Parties (2)

OSK CAPITAL Sdn Bhd Applicant Lee Kam Koak Respondent

Case Significance

OSK CAPITAL SDN. BHD. v LEE KAM KOAK is a High Court (Mahkamah Tinggi) decision dated January 22, 2025 (citation: ba-24fc-813-08-2024). The case was decided by Choong Yeow Choy.

What was the outcome of OSK CAPITAL SDN. BHD. v LEE KAM KOAK?

OSK CAPITAL SDN. BHD. v LEE KAM KOAK is a High Court decision dated January 22, 2025. The case was heard by Choong Yeow Choy. See the full judgment for details.

Statutes Cited

National Land Code (Cap 828)

s 256 s 256(3)

Cases Cited (18)

MY (18)

[1938] 1 MLRH 205 [1939] MLJ 296 [1971] 2 MLJ 32 [1988] 2 MLRH 38 [1989] 1 MLJ 261 [1989] 2 CLJ 198 [1990] 3 MLRH 255 [1991] 2 MLJ 283 [1997] 1 AMR 1036 [1997] 1 MLJ 77 [1997] 2 CLJ 36 [2008] 1 AMR 661 [2008] 1 CLJ 12 [2008] 1 MLJ 441 [2008] 2 MLRH 242 [2008] 8 CLJ 158 [2023] 6 CLJ 438 [2023] AMEJ 0798

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (ba-24fc-813-08-2024)