Malaysian Trustee Berhad v Dato’ Sng Chong Keong & Ors

The case involves a dispute over the release of RM 10 million held in an escrow account under an Escrow Agreement dated 31.10.2018. The Applicant, Malaysian Trustee Berhad, filed an interpleader application seeking the court's determination on whether the escrow fund should be released to the Purchaser (5th Respondent) or the Vendors (1st to 4th Respondents). The court held that the Escrow Release Notice was validly issued by the Purchaser, and the Applicant was obligated to release the escrow fund to the Purchaser within 3 business days. No order as to costs was made.