JUDGMENT

Lim Beng Choon J:

In an application made by way of this originating summons filed on 17 October 1989 the 1st applicant namely the Malaysian French Bank Berhad is asking for inter alia the following orders, which I quote:

(a) that the receivers and the managers (who are named as 2nd, 3rd and 4th applicants) of Joo Seng Rubber Co. Sdn. Bhd. (who is named as the 1st respondent) be at liberty to sell the abovesaid lands and/or parts thereof and securities registered in the name of Joo Seng Rubber Co. Sdn. Bhd. in accordance with the terms of the debenture dated 11 March 1971; (Words in parenthesis are mine).

(b) that the 1st applicant Malaysian French Bank Berhad, and/or the receivers and managers of Joo Seng Co. Sdn. Bhd. be entitled to execute on behalf of the said Joo Seng Rubber Co. Sdn. Bhd. any transfers in respect of the said lands which the receivers and managers may present;

(c) that any such transfers presented to the Registrar shall have stated therein the names of the transferees and the consideration;

(d) that any transfers of the said lands duly executed in the manner described in para.

(e) above be registered by the Registrar of Titles in favour of the transfere