Famussi bought a Honda Civic car from Honda Malaysia Sdn. Bhd using Hire Purchase Loan with South Bank on an installment basis of RM1500 per month. The installment is to be paid for the duration of 9years. Working as an Insurance Consultant in East Life Insurance Sdn. Bhd. with monthly salary of RM4000, Famussi has been paying the installment for the past 3 years with no hustle. Unfortunately, Famussi installment payment were defaulted for more than 3 months when he was terminated as an Insurance Consultant due to Covid-19 situation and his car were repossessed by South Bank.

By analyzing the situation experienced by Famussi above, interpret the validity of the repossession under the Hire Purchase Act 1967. Support your answer with the relevant provisions and case law.