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MATERIAL LITIGATION BINTAI KINDEN CORPORATION BERHAD ("BKCB" OR "COMPANY") - UPDATE ON MATERIAL LITIGATION BETWEEN BINTAI ENERGY SDN BHD ("PLAINTIFF" or "BESB") AGAINST IFZ OIL & GAS (M) SDN BHD ("DEFENDANT")

BINTAI KINDEN CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
BINTAI KINDEN CORPORATION BERHAD ("BKCB" OR "COMPANY") 
- UPDATE ON MATERIAL LITIGATION BETWEEN BINTAI ENERGY SDN BHD ("PLAINTIFF" or "BESB") AGAINST IFZ OIL & GAS (M) SDN BHD ("DEFENDANT")

Reference is made to the Company’s latest announcement dated 15 November 2023.

 

The Board of Directors of BKCB wishes to update that, on 3 December 2023, the Company's solicitor was served with a Notice of Application by the Defendant’s solicitors to strike out BESB’s 3 November 2023 Writ of Summons under Order 18 Rule19 (a) or (b) and/or (d) and/or Order 92 Rule 4 (“Notice of Striking Out Application”). The reasons for this application by the Defendant were, inter alia, as follows:-

  1. The Defendant has never received any payment from the Plaintiff as pleaded in the Plaintiff's Statement of Claim;
  2. The Defendant also disputed the validity of the "Service Agreement” dated 5 May 2022 entered between the Plaintiff and Defendant;
  3. That Plaintiff’s claim against the Defendant was frivolous, vexatious, humiliating and abuse of court process.

As the Defendant had filed and served the Notice of Striking Out Application, thus on the 4 December 2023 case management, the Court had fixed another case management date to enable the Defendant to file and serve its Affidavit(s) in support of the Striking Out Application. The hearing date for the Defendant’s Striking Out Application has been fixed on 15 February 2024. The Court had further directed the parties to file their respective finalized Affidavit(s) and written Submission(s) by 30 January 2024.

 

The Company will make the necessary announcement on any further development of the above matter.

 

This announcement is dated 7 December 2023.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 07 Dec 2023
Category General Announcement for PLC
Reference Number GA1-07122023-00007



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