News

Material Litigation

BackOct 08, 2021
Type Announcement
Subject MATERIAL LITIGATION
Description

Putrajaya Court of Appeal Civil Appeal No. W-02(IM)(NCVC)-1069-08/2020

[Kuala Lumpur High Court Suit No. WA-22NCVC-679-10/2018] Deepak Jaikishan A/L Jaikishan Rewachand

-v-

1. Dato' Seri Najib Bin Tun Abdul Razak

2. Datin Paduka Seri Rosmah Mansor

3. Boustead Holdings Berhad

4. Bakti Wira Development Sdn Bhd

We refer to our announcements on 18 October 2018, 19 October 2018, 17 July 2020, 29 March 2021 and 1 July 2021 in relation to the litigation involving Boustead Holdings Berhad (“BHB”) and its subsidiary Bakti Wira Development Sdn Bhd (“Bakti Wira”).

 

To recapitulate, BHB and its wholly-owned subsidiary Bakti Wira were on 16.10.2018 and 18.10.2018 respectively served with a Writ of Summons and Statement of Claim by one Deepak Jaikishan A/L Jaikishan Rewachand (“Plaintiff”). BHB was named the Third Defendant and Bakti Wira the Fourth Defendant in the Writ of Summons and Statement of Claim. BHB and Bakti Wira jointly filed an application on 17.12.2018 to strike out the Plaintiff's Writ of Summons and Statement of Claim. The High Court at Kuala Lumpur allowed BHB and Bakti Wira’s striking out application on 17.7.2020.

 

The Plaintiff filed an appeal to the Court of Appeal against the High Court’s decision on 17.7.2020. The hearing of the said appeal has been fixed on 8.10.2021.

 

The Company wishes to inform that the appeal was heard by the Court of Appeal on 8.10.2021. The Court of Appeal dismissed the Plaintiff’s appeal and ordered costs of RM7,000.00 to be paid by the Plaintiff to BHB and Bakti Wira.

 

In light of the disposal of the appeal on 8.10.2021, the Company is advised by its solicitors that the Interim Order dated 30.6.2016 (please refer to the Company’s announcement on 1.7.2021) automatically lapsed.

 

This announcement is dated 8 October 2021.




Announcement Info

Company Name BOUSTEAD HOLDINGS BERHAD
Stock Name BSTEAD
Date Announced 08 Oct 2021
Category General Announcement for PLC
Reference Number GA1-08102021-00101



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