CKOO Collections Sdn Bhd v AR Asset Management (M) Sdn Bhd

wa-22ncc-217-04-2025 High Court (Mahkamah Tinggi) 12 March 2026 • WA-22NCC-217-04/2025 • 24 min read

4 cases cited (0 SG, 4 foreign)

Catchwords

CONTRACT: Collaboration agreement – Validity and enforceability – Whether agreement was a non-binding memorandum of understanding – Intention to create legal relations – Express terms stating agreement to be binding – Conduct consistent with contractual obligations – Whether breach established – Failure to make agreed payments and diversion of collection proceeds – Agreement valid and binding – Breach of contract MONEYLENDING: Moneylenders Act 1951 – Whether plaintiff an unlicensed moneylender – Presumption under s 10OA – Whether presumption rebutted – Nature of transaction as commercial collaboration –Presumption rebutted, Plaintiff not carrying on moneylending business ASSIGNMENT AND TRUSTS: Validity of deed of assignment – Whether void for want of consideration – True intention of parties – Equitable assignment – Defendant retained book debts and proceeds of collections – Misapplication of proceeds – Whether Defendant constructive trustee – Defendant held to be constructive trustee of the book debts and all of its proceeds

Judges (1)

Elaine Yap Chin Gaik Delivered

Counsel (7)

Lavania & Balan Chambers Firm Yohendra Nadarajan Firm Manokaran s/o Veraya Counsel Defendant Mavinthra Jothy a/l Thillainathan Counsel Plaintiff Muhammad Aiman Rahimi bin Azizan Counsel Defendant Muhammad Azhad Bin Jamaluddin Counsel Plaintiff Yohendra a/l Nadarajan Counsel Defendant

Parties (2)

AR Asset Management Sdn Bhd Defendant CKOO Collections Sdn Bhd Plaintiff

Statutes Cited

Civil Law Act 1956

s 4(3)

Cases Cited (4)

MY (4)

[1989] 2 CLJ 101 [1996] 1 CLJ 379 [2023] 6 MLJ 818 [2024] MLJU 2405

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22ncc-217-04-2025)