TRENERGY INFRASTRUCTURE SDN BHD v HONG LEONG BANK BERHAD

wa-24ncc-425-09-2024 High Court (Mahkamah Tinggi) 22 April 2025 • WA-24NCC-425-09/2024 • 31 min read

11 cases cited (0 SG, 11 foreign)

Catchwords

BANKING AND FINANCE LAW: Facilities agreements – Cancellation of banking facilities – Legal effect of cancellation on facilities agreement – Whether cancellation of facilities effectively terminates facilities agreement – Whether future obligations under facilities agreement discharged upon cancellation – Whether consolidation and set-off provisions survive cancellation – Survivability of contractual terms post-termination – Whether Section 16.04 consolidation clause survives facilities cancellation – Whether consolidation rights tied to performance obligations – Commercial intent and purpose of facilities agreement – Whether perpetual enforceability intended by parties – Events of default under facilities agreement – Change in shareholding without consent – Waiver of default by conduct of parties

Judges (1)

Atan Mustaffa Yussof Ahmad Delivered

Counsel (4)

Haris Ibrahim Kandiah Partnership Firm Skrine Firm Celinne Teh Counsel Plaintiff Karen Teh Counsel Defendant

Parties (2)

HONG LEONG BANK BERHAD Respondent TRENERGY INFRASTRUCTURE Sdn Bhd Applicant

Case Significance

TRENERGY INFRASTRUCTURE SDN BHD v HONG LEONG BANK BERHAD is a High Court (Mahkamah Tinggi) decision dated April 22, 2025 (citation: wa-24ncc-425-09-2024). The case was decided by Atan Mustaffa Yussof Ahmad.

What was the outcome of TRENERGY INFRASTRUCTURE SDN BHD v HONG LEONG BANK BERHAD?

TRENERGY INFRASTRUCTURE SDN BHD v HONG LEONG BANK BERHAD is a High Court decision dated April 22, 2025. The case was heard by Atan Mustaffa Yussof Ahmad. See the full judgment for details.

Statutes Cited

Companies Act 2016 (Cap 777)

Rules of Court 2012

Specific Relief Act 1950 (Cap 137)

Cases Cited (11)

UK (3)

[1942] AC 356 [1980] AC 367 [1998] 1 WLR 896

MY (8)

[1995] 1 MLJ 577 [1998] MLJU 93 [2001] 5 MLJ 510 [2012] 2 MLJ 314 [2014] 3 CLJ 1 [2015] 2 CLJ 1062 [2022] MLJU 3387 [2022] MLJU 3774

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-24ncc-425-09-2024)