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MATERIAL LITIGATION KHIND HOLDINGS BERHAD ("THE COMPANY" OR "KHIND") - LEGAL SUIT FILED BY KHIND ELECTRICAL (MALAYSIA) SDN BHD ("KEMSB"), A WHOLLY-OWNED SUBSIDIARY OF KHIND AGAINST MAHA TENAGA JAYA TECHNOLOGY SDN BHD ("MTJTSB")

KHIND HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
KHIND HOLDINGS BERHAD ("THE COMPANY" OR "KHIND") 
-	LEGAL SUIT FILED BY KHIND ELECTRICAL (MALAYSIA) SDN BHD ("KEMSB"), A WHOLLY-OWNED SUBSIDIARY OF KHIND AGAINST MAHA TENAGA JAYA TECHNOLOGY SDN BHD ("MTJTSB")

Further to the announcements made on 15 July 2015, 23 July 2015, 18 August 2015, 25 November 2015, 20 May 2016, 24 August 2016, 24 November 2016, 29 November 2016, 22 December 2016, 25 January 2017, 22 February 2017, 16 March 2017, 31 March 2017, 5 April 2017, 20 July 2017, 24 August 2017, 14 September 2017 and 11 October 2017, the Board of Directors wishes to provide updates on the hearing held on 27 October 2017. The First and Second Defendants and two banks have put on record that they have no objection against the Application for Discovery. The remaining two banks did not file in any affidavit to oppose the Application.

 

KEMSB has further sought a court order to direct the banks to furnish the relevant bank statements and cheque images within 3 months from the date of Order, if granted.

 

The Learned Judge has fixed 21 November 2017 for the Decision of the Discovery Application.

 






Announcement Info

Company Name KHIND HOLDINGS BERHAD
Stock Name KHIND
Date Announced 30 Oct 2017
Category General Announcement for PLC
Reference Number GA1-30102017-00087




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