IKHWAN NASIR BIN ABDUL RAHMAN v MAYBANK ISLAMIC BERHAD

wa-12am-5-03-2024 High Court (Mahkamah Tinggi) 25 August 2024 • WA-12AM-5-03/2024 • 29 min read

27 cases cited (1 SG, 26 foreign)

Catchwords

Civil procedure – Appeal to Judge in Chambers – Summary judgment – Islamic banking – Bank & banking business – Default in repayment of Commodity Murabahah banking facility – Judgment in default entered against borrower and 3 guarantors – Summary judgment application against 4th guarantor – Whether 4th guarantor unaware of gurantee signed – Joint and several guarantee and indemnity –Whether resignation of 4th guarantor from borrower company affects the guarantee – Whether the agreement of the principal borrower & 2 guarantors to indemnify the 4th guarantor discharges him from the guarantee – Whether judgment against principal borrower is conclusive proof of liability against guarantor – Certificate of Indebtedness – Conclusive Evidence Clause – Whether 4th guarantor successfully raised triable issues – Rules of Court 2012, Order 14 rr 1, 3, 4 – Contracts Act 1950, s.77, s.78, s.79, & s.81.

Practice Areas

Civil procedure

Judges (1)

Yusrin Faidz bin Yusoff Delivered

Counsel (4)

Siow Kim Leong Firm Yong Dan Rakan-Rakan Firm Munira Binti Hasnim Counsel Appellant Suraya Binti Sanusi Counsel Respondent

Parties (2)

MAYBANK ISLAMIC BERHAD Respondent Ikhwan Nasir bin Abdul Rahman Appellant

Statutes Cited

Contracts Act 1950 (Cap 136)

Rules of Court 2012

Cases Cited (27)

SLR (1)

[2014] 2 SLR 1342

UK (11)

[1937] AC 1 [1965] AC 1175 [1983] 1 WLR 643 [1983] 2 All ER 508 [1990] 1 AC 536 [2008] EWCA Civ 542 [2011] EWCA Civ 230 [2012] Ch 31 [2013] EWHC 748 [2018] EWCA Civ 264 [2021] EWHC 344

MY (15)

[1979] 2 MLJ 212 [1981] 1 MLJ 282 [1984] 2 MLJ 300 [1987] 1 CLJ 246 [1987] 2 MLJ 183 [1989] 1 CLJ 30 [1989] 2 CLJ 1 [1989] 3 MLJ 164 [1992] 1 MLJ 400 [1993] 3 CLJ 612 [1994] 3 MLJ 127 [1999] 4 CLJ 425 [2005] 2 MLJ 509 [2007] 9 CLJ 15 [2010] 7 CLJ 713

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-12am-5-03-2024)