AMBANK (M) BERHAD vs KT STEEL SDN BHD & ORS

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

Petitioner Advocates:Hargopal Singh,Sukhjit Kaur Gill ,Respondent Advocate: S Palanivel,S Surendran

Table of Content
1. scope of legal questions for appeal approval. (Para 1)
2. background details of the parties and contract history. (Para 2 , 3 , 4 , 5 , 8 , 9 , 10)
3. specific contractual obligations and conditions. (Para 6 , 7)
4. defendants' contestation of claims and validity of agreements. (Para 11 , 12 , 13)
5. trial court's findings and rationale for dismissing claims. (Para 14 , 15 , 16 , 17 , 18 , 19)
6. court of appeal's dismissal rationale. (Para 20)
7. appellant's legal arguments submitted for appeal. (Para 21 , 22 , 23)
8. nature and implications of an equipment lease agreement. (Para 24 , 25)
9. legal definition and characteristics of leasing versus hire purchase. (Para 26 , 27 , 28 , 29 , 30 , 31)
10. analysis of court rulings, failures in evidence handling and legal interpretations. (Para 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50)
11. final judgment and its grounds. (Para 51)

Mohd Ghazali Yusoff FCJ:

[1] On 13 October 2010 this court granted the appellant leave to appeal on the following questions of law:

(a) Whether a lease agreement for business equipment declared to be a money lending transaction/loan agreement is a bill of