Banking and Finance
4 cases · May 2024 to April 2026
Case Volume by Year
1 24
1 25
2 26
2024–2026
Key Issues & Sub-Topics
Peer-to-peer (P2P) financing — Recognised Market Operator (RMO) — Licensing under Capital Markets and Services Act 2007 — Whether separate license required under Financial Services Act 2013 — Agency framework vs. direct lending — Allegations of ultra vires operations. 2 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 1 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 1 Debenture — Appointment of receivers and managers — Powers of receivers and managers over charged assets — Whether purchasers’ rights subordinate to debenture holder’s charge Remedies — Declaratory relief — Injunction — Damages — Whether reliefs maintainable in view of receivership and charge 1
Peer-to-peer (P2P) financing — Recognised Market Operator (RMO) — Licensing under Capital Markets and Services Act 2007 — Whether separate license required under Financial Services Act 2013 — Agency framework vs. direct lending — Allegations of ultra vires operations. 2 cases
ba-12ancc-47-10-2025 1. ) ST HEALTHCARE GROUP SDN. BHD. 2. ) NORAISHAH BINTI ABDUL HALIM 3. ) SAFARUDIN BIN TAMBI v MODALKU VENTURES SDN. BHD.
13 April 2026
ba-12ancc-48-10-2025 1. ) ST HEALTHCARE GROUP SDN. BHD. 2. ) NORAISHAH BINTI ABDUL HALIM 3. ) SAFARUDIN BIN TAMBI v MODALKU VENTURES SDN. BHD.
13 April 2026
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 1 case
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 1 case
Debenture — Appointment of receivers and managers — Powers of receivers and managers over charged assets — Whether purchasers’ rights subordinate to debenture holder’s charge Remedies — Declaratory relief — Injunction — Damages — Whether reliefs maintainable in view of receivership and charge 1 case
Key Statutes
Rules of Court 2012
cited in 4 cases Contracts Act 1950 (Cap 136)
cited in 3 cases Capital Markets and Services Act 2007
cited in 2 cases Subordinate Courts Act 1948 (Cap 92)
cited in 2 cases Financial Services Act 2013
cited in 1 case Court Distribution
Key People & Firms
Cases
ba-12ancc-47-10-2025
1. ) ST HEALTHCARE GROUP SDN. BHD. 2. ) NORAISHAH BINTI ABDUL HALIM 3. ) SAFARUDIN BIN TAMBI v MODALKU VENTURES SDN. BHD.
13 April 2026
MYHC
ba-12ancc-48-10-2025
1. ) ST HEALTHCARE GROUP SDN. BHD. 2. ) NORAISHAH BINTI ABDUL HALIM 3. ) SAFARUDIN BIN TAMBI v MODALKU VENTURES SDN. BHD.
13 April 2026
MYHC
wa-22m-787-05-2025
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
6 July 2025
MYHC
ja-22ncc-57-08-2023
1. ) YAP SENG MAW 2. ) YAP ST MUAN 3. ) YAP ST KEAT 4. ) YAP ZI HENG 5. ) CHOW MING MING 6. ) LEE LIN WEI 7. ) ONG BOEY ENG 8. ) TAN ZHI KAI 9. ) LEE NYOK PENG v 1. ) LIM TIAN HUAT (sebagai Penerima dan Pengurus Eco Homes Builders Sdn Bhd) 2. ) CHIANG TENG GUAN (sebagai Penerima dan Pengurus Eco Homes Builder Sdn Bhd) 3. ) ECO HOMES BUILDER SDN BHD 4. ) RHB BANK BERHAD PENCELAH DICADANGKAN RHB BANK BERHAD
18 May 2024
MYHC