MAYBANK ISLAMIC BERHAD v 1. ) MW ASSEMBLER SDN BHD 2. ) ZULKIFLI BIN KASIM 3. ) RIDZUAN BIN MD SHUKOR
Catchwords
Civil Procedure — Summary judgment — Order 14 Rules of Court 2012 — Test — Whether defendant has shown issue or question in dispute which ought to be tried — Whether some other reason for trial — Triable issue — Affidavit evidence — Documentary claim founded on banking facilities and guarantees — Whether defence merely bare denial or raises positive factual case — Leave to defend. Civil Procedure — Striking out — Order 18 rule 19(1)(a), (b), (d) Rules of Court 2012 — No reasonable cause of action — Frivolous or vexatious — Abuse of process — Summary jurisdiction — Plain and obvious case — Whether counterclaim plainly unsustainable — Whether issues require viva voce evidence — Whether factual disputes and contested legal issues unsuitable for summary disposal. Banking Law — Islamic financing — Cash Line-i — Commodity Murabahah Term Financing-i (CMTF-i) — Guarantee — Default — Acceleration — Cross-default — Demand notices — Certificate of indebtedness — Conclusiveness clause — Finance Service Reserve Account (FSRA) — Operating Account (OA) — Set-off — Liquidation of General Investment Account (GIA) — Whether enforcement proper. Contract — Express terms and implied terms — Whether repayment under facility conditional upon receipt of dividends, advances or earnings from subsidiary — Whether alleged implied terms inconsistent with express financing documents — Course of dealing — Commercial matrix — Waiver — Acquiescence — Restructuring request — Refusal of restructuring — Whether refusal arbitrary or in bad faith — Whether issues fit for trial. Company Law — Separate legal personality — Holding company and subsidiary — Shareholder loss — Reflective loss doctrine — Whether shareholder may recover for diminution in share value or loss flowing from company’s loss — Whether counterclaim wholly barred as reflective loss at interlocutory stage. Evidence — Affidavits — Interlocutory proceedings — Whether contested issues of knowledge, meetings, conduct, waiver, and commercial purpose require oral evidence — Whether Court may resolve competing factual inferences on affidavit alone. Practice and Procedure — Connected counterclaim — Whether counterclaim intertwined with main debt claim — Whether existence of counterclaim militates against summary judgment — Whether suit should proceed to full trial.
Practice Areas
Judges (1)
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (ma-22m-35-10-2024)