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Res Judicata in Loan Dispute Case by f.dn is a document available to read on EtoBox.
The borrower took out a loan of RM750,000 from the finance company to finance a housing project, secured by land charges. The loan terms required full drawdown within 15 months, but the borrower failed to do so. In a first proceeding, the borrower sued the finance company for damages over the failed project due to denied access to the remaining RM400,000, but lost. The borrower then sued again over the same issue. The finance company argued res judicata, but its motion to strike was dismissed. On appeal, th
- Author
- f.dn
- Language
- EN