Case Analysis: TRIPLE ZEST TRADING & SUPPLIERS & ORS v. APPLIED BUSINESS TECHNOLOGIES SDN BHD [2023] 10 CLJ 187
This Federal Court case revolves around the legality of a loan agreement that charges 100% interest, disguised as an “agreed profit,” and whether the respondent was in the business of moneylending under the Moneylenders Act 1951 (MA51). It raises fundamental questions about the enforcement of illegal contracts, the applicability of statutory presumptions, and the public…