Atan Mustaffa Yussof Ahmad J:

Introduction

[1] Before the court is the Plaintiff's claim against the Defendants for the sum of RM2,300,000.00, being the principal sum allegedly invested by the Plaintiff, together with a sum of RM2,784,000.00, being the alleged return on investment pursuant to several Promissory Notes entered into between the parties. The Plaintiff contends that these Promissory Notes represent legitimate investment agreements, which the Defendants have breached. The Defendants, however, assert that these Promissory Notes constitute illegal moneylending transactions, which are void and unenforceable under the Moneylenders Act 1951 ("MLA 1951").

[2] Having carefully considered the evidenc