Chung Khiaw Bank Ltd. v. Hotel Rasa Sayang Sdn. Bhd. & Anor[1990] 1 MLJ 356.
The appellants extended loans to the respondents and the loan was secured by documents and guarantees. The documents evidencing the loans showed that the hotel whose shares were being purchased by a company had given financial assistance to that company. This act contravened Section 67 of the Companies Act 1965.
The Court held that: The transactions were tainted with illegalit
Chung Khiaw Bank Ltd. v. Hotel Rasa Sayang Sdn. Bhd. & Anor[1990] 1 MLJ 356.
The appellants extended loans to the respondents and the loan was secured by documents and guarantees. The documents evidencing the loans showed that the hotel whose shares were being purchased by a company had given financial assistance to that company. This act contravened Section 67 of the Companies Act 1965.
The Court held that: The transactions were tainted with illegalitChung Khiaw Bank Ltd. v. Hotel Rasa Sayang Sdn. Bhd. & Anor[1990] 1 MLJ 356.
The appellants extended loans to the respondents and the loan was secured by documents and guarantees. The documents evidencing the loans showed that the hotel whose shares were being purchased by a company had given financial assistance to that company. This act contravened Section 67 of the Companies Act 1965.
The Court held that: The transactions were tainted with illegalitChung Khiaw Bank Ltd. v. Hotel Rasa Sayang Sdn. Bhd. & Anor[1990] 1 MLJ 356.
The appellants extended loans to the respondents and the loan was secured by documents and guarantees. The documents evidencing the loans showed that the hotel whose shares were being purchased by a company had given financial assistance to that company. This act contravened Section 67 of the Companies Act 1965.
The Court held that: The transactions were tainted with illegalitChung Khiaw Bank Ltd. v. Hotel Rasa Sayang