KNM gets court order to restrain winding-up petition (Update)


KUALA LUMPUR: KNM Group Bhd's unit KNM Process Systems Sdn Bhd has obtained a court order to stop Mission Biofuels Sdn Bhd from going ahead with the petition to wind up the company over a A$3.80mil (RM12.2mil) claim.

It said on Wednesday the court had granted an interim injunction to restrain Mission Biofuels from proceeding further with the petition upon hearing of KNM Process Systems Sdn Bhd (KNMPS) ex-parte application earlier this morning.

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