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The Securities Commission had launched a landmark civil suit against eight foreign parties and two Malaysians over the manipulation, market rigging and fraud of Iris Corporation Berhad shares.
Tenaga Nasional Bhd has filed a claim for RM11.4mil from MTD ACPI Engineering Bhd's subsidiary for allegedly damaging the power company's underground cable in Kuala Lumpur.
PETALING JAYA: Maxbiz Corp Bhd has filed a suit seeking RM163.48mil in damages against 10 defendants that include former directors of Geahin Engineering Bhd and its subsidiaries, Mayford Garments Sdn Bhd and MKK Industries Sdn Bhd.
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.
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).
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.
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.