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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, 30 October 2017, 22 November 2017, 30 November 2017 and 22 December 2017, the Board of Directors wishes to provide updates on the Hearing and Case Management held on 11 January 2018 at the KL High Court.

 

The Company had objected against a proposed amendment to the Sealed Order dated 21 November 2017 by MTJTSB’s bank. Having heard the oral submissions, the Learned Judge has fixed 18 January 2018 for the decision on MTJTSB's bank’s Notice of Application for the proposed amendment.

 

With regard to the Main Suit, the Company had objected against the Fourth Defendant’s proposed amendments and the Fifth Defendant’s proposed amendments as completely new issues were raised by the Fourth and Fifth Defendants.

 

During the Case Management, the Learned Judge has directed the Company to file a Striking Out Application with reference to the new issues, if need be, and the application would be dealt with during the scheduled trial date i.e. commencing on 26 February 2018. The Learned Judge has further directed the Company to file the Supplementary Bundle of Pleadings before the part-heard trial continues on 26 February 2018.






Announcement Info

Company Name KHIND HOLDINGS BERHAD
Stock Name KHIND
Date Announced 12 Jan 2018
Category General Announcement for PLC
Reference Number GA1-12012018-00059




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