KL PETROGAS SDN BHD (DI BAWAH PENERIMAAN) v 1. ) SA PUNCAK MANAGEMENT SDN BHD 2. ) LOH YOOK MUN 3. ) ELISSA KWAN RU HUI 4. ) KWAN YU WEN 5. ) LIM AIK TEONG 6. ) MOHD RUSLI BIN NGAH
19 cases cited
(2 SG, 17 foreign)
Catchwords
Civil Procedure — Injunction — Interlocutory mandatory injunction — Principles governing grant — Whether plaintiff raised a case that was unusually strong and clear — Whether balance of convenience favoured preservation of status quo — Whether damages adequate remedy — Whether appointment of receivers and managers under debenture equitable in circumstances — Rules of Court 2012, O.29 — Specific Reliefs Act 1950, s.53 Banking and Finance — Factoring — Pre-factoring — Whether pre-factoring falls within activities recognised under BAFIA, FSA or IFSA — Regulatory vacuum — Whether pre-factoring closer to moneylending — Whether facilities contravened Moneylenders Act — Substance over form — Banking and Financial Institutions Act 1989, s.2 — Financial Services Act 2013, s.2 — Islamic Financial Services Act 2013, s.2 — Consumer Credit Bill 2025 Banking and Finance — Moneylending — Moneylenders Act 1951 — Whether agreements constituted moneylending transactions disguised as Islamic factoring and pre-factoring — Whether defendant required valid moneylender’s licence — Whether agreements unenforceable — Moneylenders Act 1951, s.15
Practice Areas
Judges (1)
Case Significance
KL PETROGAS SDN BHD (DI BAWAH PENERIMAAN) v 1. ) SA PUNCAK MANAGEMENT SDN BHD... is a High Court (Mahkamah Tinggi) decision dated July 6, 2025 (citation: wa-22m-787-05-2025). The case was decided by Yusrin Faidz bin Yusoff.
What was the outcome of KL PETROGAS SDN BHD (DI BAWAH PENERIMAAN) v 1. ) SA PUNCAK MANAGEMENT SDN BHD...?
KL PETROGAS SDN BHD (DI BAWAH PENERIMAAN) v 1. ) SA PUNCAK MANAGEMENT SDN BHD... is a High Court decision dated July 6, 2025. The case was heard by Yusrin Faidz bin Yusoff. See the full judgment for details.
Statutes Cited
Cases Cited (19)
SG (1)
[2018] SGHC 29
SLR (1)
[2018] 1 SLR 818
UK (2)
[1920] 3 KB 497 [1938] 3 All ER 275
MY (15)
[1993] 1 CLJ 115 [1993] 3 MLJ 36 [1995] MLJ 331 [1998] MLJU 421 [2001] 2 CLJ 321 [2004] 4 MLJ 472 [2006] 7 MLJ 432 [2013] 7 MLJ 437 [2017] MLJU 1674 [2020] MLJU 2251 [2023] 10 CLJ 187 [2024] 9 MLJ 237 [2025] 3 MLJ 22 [2025] 6 MLJ 327 [2026] 1 MLRH 373
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-22m-787-05-2025)