Abdul Hamid Mohamed JC:

On 25 January 1986, Malayan Banking Bhd. (petitioning creditor), obtained a judgment in default against Sing Pin Jih Pao Sdn. Bhd. and the judgment debtor as follows:

No appearance having been entered by the 1st and 2nd defendants herein, It is this day adjudged that the 1st and 2nd defendants do pay the plaintiffs the sum of RM1,554,274.67 plus interest at the rate of 13.25% per annum on the Overdraft limit of RM800,000 and 14.25% per annum on excess amount (or at such other rate as shall be varied by the plaintiffs) as from 10 September 1985 until date of payment and the sum of RM369,689.10 plus further interest at the rate of 13.25% per annum as from 10 September 1985 until date of full payment and also the 1st and 2nd defendants do pay the sum of RM10,000 being legal professional charges and costs RM232.50.

Appeal to the Supreme Court was dismissed on 18 November 1987. The Supreme Court order reads as follows:

This appeal coming up for hearing this day in the presence of Mr. Oliver Phipps (Mr. Ooi Teik Hoe with him) of Counsel for the Appellant and Ms. Liow Sook Ching of Counsel for the respondents And upon reading the Record of appeal filed her