Court dismisses Petros' challenge of PETRONAS call on RM7.95mil bank guarantee

PETRONAS lead counsel Datuk Cyrus Das (left) speaking with fellow counsel Khoo Guan Huat (right) and Senior Federal Counsel Ahmad Hanir Hambaly after the High Court decision in Kuching. - ZULAZHAR SHEBLEE/The Star

KUCHING: The High Court has ruled that PETRONAS' call on a RM7.95mil bank guarantee in relation to gas supply to Petroleum Sarawak Bhd (Petros) was valid and not unconscionable or unlawful.

Justice Faridz Gohim Abdullah said the bank guarantee was validly called and invoked in accordance with its terms.