KOTA KINABALU: A bank's bid to recover RM3.5mil from two guarantors of a loan facility was dismissed by the High Court of Labuan after it was found that the notices of demand were not served to the correct addresses.
Justice Alexander Siew, sitting in Kota Kinabalu on Friday (July 11), dismissed the claim by the bank against two personal guarantors of a bai bithaman ajil (BBA) Islamic facility worth RM2.8mil granted to a company to finance the purchase of land in Kampung Ganggarak, Labuan.
