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Corporate News 14 Feb 2019 | 12:00 AM

Court decides in favour of plaintiff in Utusan case

PETALING JAYA: In a writ of summons against Utusan Melayu (M) Bhd for the failure to refund deposits totalling RM8.5mil, the High Court decided in the plaintiff’s favour on Feb 11. The plaintiff is media company Redberry Sdn Bhd.

Corporate News 14 Jan 2019 | 12:00 AM

Unconscionable for banks to seek refuge behind exclusion clauses

In April 2008, a British couple living in the United Kingdom obtained a loan facility of RM715,487 to finance the purchase of their property in Malaysia. It was a term of the loan facility that the bank would make progressive payments to the developer against certificates of completion issued by the architect at each progress billing.

Business 10 Mar 2018 | 12:00 AM

Common Tower Technology counter claims RM131.8m from Weida

KUALA LUMPUR: A telcommunication towers construction JV between Weida (M) Bhd and Common Tower Technology Sdn Bhd (CTT) in 2005 which went sour has seen both parties filing lawsuits against each other.

Corporate News 09 Mar 2018 | 6:32 AM

Common Tower Tech counter claims RM131.8m from Weida

KUALA LUMPUR: A telcommunication towers construction JV between Weida (M) Bhd and Common Tower Technology Sdn Bhd (CTT) in 2005 which went sour has seen both parties filing lawsuits against each other.

Corporate News 11 Oct 2016 | 12:40 PM

Kamdar’s court battle resumes after mistrial declared

KUALA LUMPUR: The court battle continues between Kamdar Group (M) Bhd (KGMB) -- helmed by chairman and managing director Kamal Kumar Kishorchandra Kamdar -- and Kamal Kumar’s cousin and the company’s biggest shareholder Bipinchandra Balvantrai.

Business 04 Jul 2015 | 12:00 AM

Court dismisses claim against ex-Kamdar chairman

PETALING JAYA: The High Court has dismissed the claim by Kamdar Group (M) Bhd’s unit Kamdar Sdn Bhd against former chairman Bipinchandra Balvantrai and two others.

Corporate News 15 Oct 2014 | 12:00 AM

Kamdar sues former chairman and two others for alleged withdrawal of funds

PETALING JAYA: Kamdar Group (M) Bhd, via its wholly-owned subsidiary Kamdar Sdn Bhd, is suing its former chairman Bipinchandra Balvantrai, Jayesh R Kamdar Rajnikant and contractor Yap Kim Hong for allegedly withdrawing funds totalling RM8.7mil from the company.

Business 17 Oct 2013 | 2:39 PM

Darar Ehsan seeks RM55.6m in special damages from SAP Holdings

KUALA LUMPUR: Darar Ehsan Sdn Bhd is seeking RM55.66mil in special damage for purportedly loss of profits in its counterclaim against SAP Holdings Bhd, a unit of Kumpulan Hartanah Selangor Bhd (KHSB).

Business 07 Apr 2012 | 12:00 AM

Ibrahim sues Perdana Petroleum

PETALING JAYA: Former major shareholder of oil and gas services provider Petra Perdana Bhd, Tengku Datuk Ibrahim Petra Tengku Indra Petra is suing Perdana Petroleum Bhd, the Malaysian Communications and Multimedia Commission (MCMC) as well as 11 other individuals for exemplary damages of RM50mil and to have an injunction against the parties for assessing and using an email account belonging to him.

Business 12 Feb 2011 | 12:00 AM

NGSB withdraws claims against TM

PETALING JAYA: Network Guidance Sdn Bhd (NGSB) has withdrawn claims for damages amounting to RM400mil and loss of profit of RM500mil against Telekom Malaysia Bhd and TM Net Sdn Bhd over an alleged breach of contract.