1. ) SING KWUNG MOTORS SDN. BHD. 2. ) PUBLIC BANK BERHAD v Suruhanjaya Syarikat Malaysia (SSM)

ma-24ncvc-5-01-2026 High Court (Mahkamah Tinggi) 31 March 2026 • MA-24NCvC-5-01/2026

Catchwords

Company law — Charge — Registration of charge — Register of charges — Public notice function of register — Integrity of register — Description of property charged — Floating charge — Statement of particulars to be lodged with charge — Amendment of registered particulars — Rectification of register — Rectification of misstatement — Scope of court’s power of rectification — Whether rectification confined to accidental omission or misstatement — Whether court may permit substantive alteration of registered security — Distinction between rectification and variation of charge — Retrospective enlargement of charged assets — Whether permissible under statutory scheme — Whether amendment altering asset description amounts to re-writing of security — Requirement of strict proof of mistake — Absence of underlying debenture or charging instrument — Evidential insufficiency — Bare assertion of clerical error — Whether sufficient to invoke s 361 — Burden on applicant to demonstrate true misstatement — Companies Act 2016 — ss 352, 357, 359, 361, 362 — Statutory interpretation — Text, context and purpose — Interaction between registration, variation and rectification provisions — Protection of creditors and shareholders — Whether amendment prejudicial in nature — Potential impact on priority and third-party reliance — No need to prove actual prejudice — Nature-based prejudice sufficient — Administrative position of Registrar — Registrar indicating no objection — Whether binding on court — Registrar’s role administrative not adjudicative — Court’s independent duty to scrutinise application — Practice Note No. 6/2019 — Rectification procedures — Non-application to charges — Charges subject to strict statutory regime — Whether administrative rectification principles applicable

Practice Areas

Judges (1)

Raja Segaran a/l S.krishnan Delivered

Parties (3)

PUBLIC BANK BERHAD Applicant SING KWUNG MOTORS Sdn Bhd Applicant Suruhanjaya Syarikat Malaysia Respondent

Judgment

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Read on eJudgment

Source: eJudgment (ma-24ncvc-5-01-2026)