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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")

(All abbreviations used in this announcement shall have the same meanings as defined in the announcements made on the dates below, unless otherwise stated or defined herein)

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, 11 October 2017 and 30 October 2017, the Board of Directors wishes to provide updates on the hearing held on 21 November 2017. The Learned Judge has pronounced the decision as follows:-

  1. KEMSB’s Discovery Application is allowed;
  2. The Banks are directed to furnish the requested documents, i.e. the statement of account and the copies of the cheque of MTJTSB to KEMSB and KEMSB to extend the copies of the same to the Fourth and Fifth Defendants’ Solicitors;
  3. KEMSB to bear all the disbursement costs to be incurred by the Banks to furnish the requested documents; and
  4. Cost of action of RM3,000.00 and RM4,000.00 are awarded to two banks.

The Learned Judge has fixed 29 November 2017 for the decision of KEMSB’s Application to Further Amend the Amended Statement of Claim and the First and Second Defendants’ Application to Amend Their Defence. 






Announcement Info

Company Name KHIND HOLDINGS BERHAD
Stock Name KHIND
Date Announced 22 Nov 2017
Category General Announcement for PLC
Reference Number GA1-21112017-00126




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