Home > Archives
Published: Monday December 31, 2012 MYT 6:46:00 PMUpdated: Monday December 31, 2012 MYT 6:47:31 PM
By M. MAGESWARI
KUALA LUMPUR: The High Court has ordered Malaysian Resources
Corporation Bhd (MRCB) to pay RM43.9mil in damages to electronic parts
supplier Juranas Sdn Bhd for a breach of settlement agreement.
Judicial Commissioner Rosilah Yop has allowed Juranas's claim and
entered a judgment against MRCB for RM43,899,100.
She granted an interest at the rate of five percent per annum from
date of the court order from Dec 21 until full settlement.
She awarded costs of RM25,000 to be paid by MRCB to Juranas.
MRCB, which is a leading property and infrastructure developer in
Malaysia, however, has file an appeal against the court ruling at the
Court of Appeal on Friday.
In its statement of claim, Juranas Sdn Bhd (JSB) contended that on
July 8,2002 JSB had entered a judgment in default (JID) against MRCB
This sum arose as a result of work done and services
rendered by JSB for MRCB in respect of a forest replantation project
In 2002, JSB filed a winding up petition to enforce the JID.
By a settlement agreement dated April 30,2003, JSB agreed to withdraw
the suit and the winding up petition and in exchange, MRCB agreed to
pay JSB RM1mil in two installments, RM3mil by way of transfer of
properties and to invite and allow JSB to participate in new tenders
up to the aggregate cumulative minimum value of RM175,000,000 for the
supply of medical equipment for the Amanjaya and Permai Hospital
Projects and road works for MRCB.
The cash sum and transfer of properties were settled but MRCB failed
to invite and allow JSB to participate in the stated tenders which was
to be done by April 29, 2006.
When contacted, Juranas lawyer Jasvinjit Singh said Monday that JC
Rosilah found that by the settlement agreement, MRCB had promised that
it was already in a position to issue the hospital tenders but however
had failed to honour its promise.
"She further found that MRCB still had road tenders to be called but
did not invite JSB to participate in them,'' he said.
Juranas was represented by lawyer Jasvinjit Singh while counsel
Wilfred Abraham, T. Kuhendran and Koo Ai Ling acted for MRCB.
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)