Abdul Halim Bin Mohamad v 1. ) Small Medium Enterprise Development Bank Malaysia Berhad 2. ) SMEB Asset Management Sdn Bhd 3. ) Xorix Sdn Bhd 4. ) Maryam Al-Batul Binti Azizuddin
wa-22ncc-857-11-2023 High Court (Mahkamah Tinggi) 17 October 2024 • WA-22NCC-857-11/2023 • 37 min read
16 cases cited
(0 SG, 16 foreign)
Catchwords
BANKING LAW: Guarantee – Release and discharge of guarantor – Whether disposal of shares and resignation as director extinguishes guarantor's liability – Whether silence of bank amounts to implicit approval of release request – Whether bank owes duty to facilitate release of guarantor – Whether inconsistent treatment of guarantors – Whether banker-customer relationship attracts fiduciary obligations CONTRACT LAW: Guarantee and indemnity – Continuing guarantee – Nature of guarantor's liability – Whether guarantor's obligations dependent on status as director/shareholder – Whether share sale agreement between guarantor and third party binding on bank – Whether bank's silence constitutes acceptance of variation – Whether vesting order transfers all rights and obligations to assignee bank CIVIL PROCEDURE: Striking out – Summary determination – Whether claims disclose reasonable cause of action – Whether complex issues requiring trial – Whether clear case of abuse of process – Whether re-litigation of issues already decided
Judges (1)
Counsel (5)
Statutes Cited
Contracts Act 1950 (Cap 136)
Rules of Court 2012
Cases Cited (16)
MY (16)
[1985] 1 MLJ 18 [1993] 3 MLJ 36 [1995] 3 CLJ 783 [2002] 6 MLJ 507 [2005] 8 CLJ 239 [2007] 3 MLJ 609 [2011] 6 MLJ 70 [2012] 3 CLJ 708 [2012] 3 MLJ 449 [2012] 3 MLJ 758 [2013] 4 MLJ 520 [2016] 3 MLJ 1 [2018] 1 MLJ 769 [2018] 3 MLJ 72 [2019] MLJU 1098 [2022] 6 CLJ 513
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-22ncc-857-11-2023)