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What is Bank Rakyat vs Cosmic Master: Financing Dispute about?

The plaintiff bank provided three financing facilities to the defendants for a housing development project. When the facilities expired, amounts were still outstanding. The plaintiff terminated the facilities and demanded payment. The defendants counterclaimed that the termination was wrongful. The court dismissed the counterclaim. It found that: (1) the defendants were obligated to make monthly installment payments, regardless of funds in a housing development account; (2) the defendants, not the plainti

Author

Kayson Lee

Language

EN