BANK PEMBANGUNAN MALAYSIA BERHAD v 1. ) EFOGEN MARINE SDN BHD 2. ) NAZLIN SHAH RANDOLPH BINTI MOHD FAUZI

wa-27ncc-3-01-2025 High Court (Mahkamah Tinggi) 14 December 2025 • WA-27NCC-3-01/2025 • 35 min read

21 cases cited (0 SG, 21 foreign)

Catchwords

Plaintiff’s application for summary judgment – Plaintiff granted banking facilities to defendant to finance purchase of a vessel – Mortgage on the vessel as security – Default in repayment of the facilities – Plaintiff appointed receiver and manager (R&M) over the defendant – R&M sold the vessel – Whether improper conduct by plaintiff in utilising the insurance proceeds to reduce defendant’s indebtedness instead of repairing the vessel, which purportedly led to a drastically undervalued sale – Whether plaintiff misappropriated the insurance proceeds – Whether plaintiff has duty to repair the vessel – Plaintiff’s application to strike out defendant’s counterclaim – Defendant counterclaims for damages on the basis that the sale of the vessel was not commercially optimal – Whether counterclaim is obviously unsustainable.

Judges (1)

Quay Chew Soon Delivered

Counsel (6)

AU & Partners Firm Joseph & Partners Firm Bailey Fernandez Counsel Defendant James Au Counsel Defendant Jeremy Mark Joseph Counsel Plaintiff Siti Deelora Nor Ahmad Rajkumar Counsel Plaintiff

Parties (3)

Bank Pembangunan Malaysia Berhad Plaintiff EFOGEN MARINE Sdn Bhd Defendant Nazlin Shah Randolph binti Mohd Fauzi Defendant

Statutes Cited

Rules of Court 2012

Cases Cited (21)

UK (8)

[1949] 1 KB 474 [1970] AC 567 [1971] 1 Ch 949 [1993] 2 All ER 481 [1993] Ch 330 [1995] 3 WLR 152 [2002] UKHL 12 [2016] EWCA Civ 1003

MY (13)

[1971] 1 MLJ 168 [1982] 2 MLJ 241 [1992] 1 MLJ 400 [1994] 1 MLJ 657 [1994] 2 AMR 929 [1994] 2 CLJ 346 [2003] 4 AMR 208 [2003] 6 MLJ 49 [2006] 2 MLJ 685 [2006] 3 CLJ 544 [2011] 4 AMR 359 [2012] 4 CLJ 401 [2012] 7 MLJ 215

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-27ncc-3-01-2025)