[1] This appeal by the appellants is against the decision of the Court of Appeal allowing only in part their appeal against the decision of the High Court ordering them to pay RM1.6 million to the respondent by substituting it with an order that judgment be entered against the 1st and 3rd appellants for a reduced sum of RM800,0000.00 together with interest at 4% from the date of judgment in the High Court to the date of realisation. The judgment of the Court of Appeal is reported in Triple Zest Trading & Suppliers Sdn Bhd & Ors v. Applied Business Technologies Sdn Bhd [2023] 3 MLRA 430; [2023] 2 MLJ 374.

[2] The appellants' case before this Court is that they are not liable to pay any sum of money to the respondent, not even the principal loan sum of RM800,000.00 that the Court of Appeal ordered them to pay back to the respondent.

[3] Having given careful consideration to the submissions of the parties, both written and oral, we allowed the appellants' appeal with costs and set aside the decision of the Court of Appeal. These are our grounds for allowing the appeal.

[4] The facts are deceptively simple. The 1st appellant is a family-owned company whose business