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HIGH COURT MALAYA KUALA LUMPUR
AMBANK (M) BERHAD – Appellant
Versus
METAL RECLAMATION (INDUSTRIES) SDN BHD & ORS (ENCLS 8 & 14) – Respondent
| Table of Content |
|---|
| 1. key questions for the case (Para 1) |
| 2. background on credit facilities and guarantees (Para 2 , 3 , 4 , 5) |
| 3. application for summary judgment against certain defendants (Para 6 , 8) |
| 4. arguments supporting the stay of proceedings (Para 10 , 11) |
| 5. statutory provisions regarding appeals and stays (Para 12 , 14 , 15 , 16) |
| 6. distinction between staying execution and staying proceedings (Para 18 , 19) |
| 7. courts’ power to stay proceedings pending appeals (Para 20 , 21) |
| 8. additional powers to dismiss or stay proceedings (Para 22 , 23) |
| 9. court's intrinsic power to prevent injustice (Para 24 , 25 , 27 , 29 , 30) |
| 10. importance of establishing special circumstances for stay (Para 32 , 33) |
| 11. implications of failing to prove special circumstances (Para 34 , 35) |
| 12. restriction on staying suits against guarantors (Para 36 , 38) |
| 13. liability of guarantors independent of principal debtor's status (Para 39 , 40) |
| 14. evidentiary issues and burden in summary judgment (Para 44 , 48) |
| 15. service of demands and implication of non-reply (Para 52 , 54 , 62) |
| 16. conclusion and costs awarded in the case (Para 72 , 75) |
A. Introduction
[1] This case discusses the following 2 que
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