PROPERTY LAW
Late Payment Interest – Delay –
Financier's Loan – Tribunal Tuntutan Pembeli
Rumah
Teoh Kok Seng v Heesland Sdn Bhd &
Anor
Civil Appeal No. P-01(A)-44-01/2022 | Court of Appeal
- see the grounds of judgment here
Facts Teoh Kok Seong (the
'Appellant') had purchased a double-storey
house from the Heesland Sdn Bhd (the '1st
Respondent'). The firm of solicitors who were
appointed and retained by the 1st Respondent to undertake the sale
and purchase and loan application for the purchase is one Messrs
Ong and Partners ("Lawyers for the
1st Respondent"). The Appellant
had expeditiously signed the Sale and Purchase Agreement on
14.4.2017 (the 'SPA') which was only later
dated and stamped on 2.5.2017. By this juncture, the procession of
the loan documentation and disbursement of the loan sum is by and
large out of the Appellant's hands and control. The Appellant
obtained a loan facility from RHB Bank (the
'Financier') to partly finance
