RHB Bank Berhad v Ascend I-Corp Sdn Bhd
RHB Bank Berhad filed an application for an Order for Sale of a property held under HS(D) 167551, PT No. 13, Bandar Petaling Jaya, Selangor, due to Ascend I-Corp Sdn Bhd's default on a loan repayment amounting to RM4,132,762.22. The High Court of Shah Alam dismissed the application, citing a 'cause to the contrary' under Section 256(3) of the National Land Code 1965, pending the defendant's appeal and debt restructuring efforts through AKPK.
Overview
Case Number
BA-24FC-1244-12/2023
Case Type
Civil - Foreclosure
Court
High Court of Malaya in Shah Alam, Shah Alam, Selangor
Coram Judge
- Rozi BainonDelivered Judgment
Related Proceedings
High Court
WA-22NCC-811-11/2023
High Court of Kuala Lumpur
Subject Matter
ForeclosureLoan defaultOrder for Sale