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2015 MarsdenLR 403

HIGH COURT MALAYA KUALA LUMPUR
JAMBATAN MERAH SDN BHD – Appellant
Versus
PUBLIC BANK BERHAD – Respondent


(c) land held under HS(D) 116409, PT No 236, Bandar Sultan Sulaiman, District of Klang, State of Selangor (Lot No 31). In this judgment, I will refer the NLC charge over Lot No 31 as the "Charge".

[6] To resolve the Related Companies' Debts:-

(a) the Plaintiff,

(b) the Defendant and

(c) the Related Companies

- entered into a "Restructure and Reschedule Arrangement" (R&R Arrangement). The R&R Arrangement is contained in 4 letters, all dated 22 October 2010, from the Defendant to each of the Related Companies (Defendant's 4 Letters dated 22 October 2010). The Plaintiff has accepted the Defendant's 4 Letters dated 22 October 2010 by signing all these 4 documents

[7] The Defendant issued a letter dated 14 October 2010 (Defendant's Letter dated 14 October 2010) stating the terms for the Plaintiff's "redemption" of Lot No 28A. I have discussed earlier in a judgment regarding the Plaintiff's application for an interlocutory injunction (court enclosure no 5) that it is not appropriate under NLC to use the term "redemption" of a registered charge - please see Jambatan Merah Sdn Bhd v. Public Bank Berhad (Encl 5); [2014] 1 LNS 1657; [2015] AMEJ 212 [Jambatan Merah (No 1)].

[8] The Defendant iss

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