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MATERIAL LITIGATION KUMPULAN JETSON BERHAD ("THE COMPANY") - HIGH COURT OF MALAYA AT KUALA LUMPUR ORIGINATING SUMMON NO. WA-24C-266-12/2019 FILED BY JETSON CONSTRUCTION SDN. BHD AGAINST SKYSCAPE INDUSTRIES SDN. BHD.

KUMPULAN JETSON BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
KUMPULAN JETSON BERHAD ("THE COMPANY") 
- HIGH COURT OF MALAYA AT KUALA LUMPUR ORIGINATING SUMMON NO. WA-24C-266-12/2019 FILED BY JETSON CONSTRUCTION SDN. BHD AGAINST SKYSCAPE INDUSTRIES SDN. BHD.
Reference is made to the Company’s announcement dated 11 December 2019 (“Previous Announcement”). Unless otherwise stated, the terms used herein shall have the same meanings stated in the Previous Announcement.


Originating Summons to Set Aside the Adjudication Decision 


a)  Originating Summons Proper


The Company wishes to announce that the Parties had appeared before the High Court of Malaya at Kuala Lumpur for case management for the Originating Summons to set aside the Adjudication Decision on 23 December 2019 and the Court has given the following directions:-


1. Skyscape is to file affidavit in reply by 31 December 2019;

2. JCSB is to file affidavit in reply by 14 January 2020;

3. The Parties are to file submissions by 24 March 2020.


The Court has further fixed a case management on 24 March 2020 and the hearing of the matter has been fixed on 7 April 2020.


b) Notice of Application to Stay the Adjudication Decision


The matter was fixed for case management on 17 December 2019. During the case management on 17 December 2019, the Court has granted JCSB an ad-interim stay until 27 December 2019 and gave the following directions:-


1. Skyscape is to file affidavit in reply by 20 December 2019;

2. JCSB is to file affidavit in reply by 26 December 2019.


The matter has been fixed for hearing on 27 December 2019.


Originating Summons to invalidate the Statutory Notice via Originating Summons No. WA-24NCC-688-12/2019


a) Originating Summons Proper


JCSB had on 20 December 2019 filed an Originating Summons for inter alia, a declaration that the statutory notice dated 2 December 2019 issued by Skyscape pursuant to Sections 465(1)(e) and 466(1)(a) of the Companies Act 2016 (“CA 2016”) (“Statutory Notice”) is null, void, unlawful and/or invalid. On 23 December 2019, the Court gave the following directions:-



1. Skyscape is to file an affidavit in reply by 6 January 2020;

2. JCSB is to file an affidavit in reply by 20 January 2020; and

3. The Parties are to file submissions by 22 January 2020.


The matter has been fixed for hearing on 23 January 2020.


b) Fortuna Injunction


JCSB had on 20 December 2019 filed a Notice of Application to restrain Skyscape from acting upon the Statutory Notice and/or initiating a winding-up petition against JCSB pending disposal of the Setting Aside Adjudication Decision Originating Summons via Kuala Lumpur Originating Summons No. WA- 24C-266-12/2019.


On 23 December 2019, the Court allowed JCSB’s application with no order as to costs.



This announcement is dated 24 December 2019.





Announcement Info

Company Name KUMPULAN JETSON BERHAD
Stock Name JETSON
Date Announced 24 Dec 2019
Category General Announcement for PLC
Reference Number GA1-24122019-00029




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