Back
HIGH COURT MALAYA KUALA LUMPUR
RHB BANK BERHAD – Appellant
Versus
AZMI & CO SDN BHD & ANOR – Respondent
| Table of Content |
|---|
| 1. overview of the case facts and parties (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11) |
| 2. plaintiff's claims regarding overvaluation and duty of care (Para 12 , 13 , 14 , 16 , 17 , 18) |
| 3. court's analysis on valuation standards and professional negligence (Para 19 , 20 , 21 , 22 , 32 , 33 , 37 , 49 , 51 , 52) |
| 4. conclusion on the defendants' negligence and liability (Para 64 , 65 , 89 , 90) |
| 5. order for plaintiff's compensation and recovery (Para 91) |
(After Full Trial)
Introduction
[1] This is a case when an estate valuer entrusted by a financial institution provided a valuation way above the market value and thereby causing tremendous losses to the financier.
[2] The Plaintiff is a financial institution incorporated in Malaysia and was approached by a company known as Becom Construction Sdn Bhd ("the Borrower") for a Term Loan and Overdraft facility to finance the subject property of this suit.
[3] The First Defendant ("D1") is a firm of estate valuers and, at the material time, was part of the Plaintiff's panel of estate valuers until 19 December 2016. D1 was appointed by the Plaintiff to conduct a valuation of the subject property
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
