PRA Technical Services Sdn Bhd & Ors v Hong Leong Bank Berhad & Ors
The plaintiffs, comprising four companies and an individual, sued four banks for honoring forged cheques drawn by their former employee, Nor Izzati Binti Zulkifli, resulting in losses of RM1,827,952.54. The 4th defendant, CIMB Islamic Bank Berhad, applied to strike out the claim regarding 27 cheques, arguing the claims were time-barred under Section 6 of the Limitation Act 1953. The High Court allowed the application, finding the claims were filed more than six years after the cause of action accrued.
Overview
Case Number
WA-22NCVC-280-05/2018
Case Type
Civil - Banking and finance
Court
High Court of Malaya, Kuala Lumpur
Coram Judge
- Darryl Goon Siew ChyeDelivered Judgment
Subject Matter
banking lawlimitation of actionsforged instruments