KHEESAN

0.160

-0.01 (-5.9%)

MATERIAL LITIGATION KHEE SAN BERHAD ("THE COMPANY") FEDERAL COURT MOTION NO. 08(I)-36-02/2024(W) FORMER INTERIM JUDICIAL MANAGER OF KHEE SAN FOOD INDUSTRIES SDN BHD ("APPLICANT") VS MAYBANK ISLAMIC BERHAD ("RESPONDENT") & ORS ("INTERVENERS")

KHEE SAN BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
KHEE SAN BERHAD ("THE COMPANY")
FEDERAL COURT MOTION NO. 08(I)-36-02/2024(W)
FORMER INTERIM JUDICIAL MANAGER OF KHEE SAN FOOD INDUSTRIES SDN BHD ("APPLICANT") VS MAYBANK ISLAMIC BERHAD ("RESPONDENT") & ORS ("INTERVENERS")

We refer to the Company's announcements made on 18 November 2021, 19 November 2021, 30 November 2021, 28 December 2021, 7 January 2022, 17 February 2022, 7 March 2022, 21 March 2022, 1 April 2022, 24 May 2022, 20 June 2022, 15 July 2022, 25 July 2022, 1 September 2022, 26 September 2022, 6 October 2022, 13 December 2022, 19 January 2023, 25 January 2023, 20 February 2023, 20 March 2023, 29 March 2023, 14 April 2023, 19 April 2023, 18 May 2023, 19 May 2023, 25 May 2023, 8 June 2023, 9 June 2023, 15 August 2023, 17 August 2023, 24 August 2023, 12 September 2023, 26 September 2023, 27 September 2023, 22 November 2023, 29 November 2023, 6 December 2023, 9 January 2024 and 14 February 2024 in respect of the judicial management application filed by Maybank Islamic Berhad against its wholly owned subsidiary, Khee San Food Industries Sdn Bhd.

 

The Company (“Intervener”) wishes to announce that on 14 February 2024, the Company had received a sealed copy of Notice of Motion for Leave to Appeal to the Federal Court ("Motion") and a Court Notice dated 8 February 2024 ("Court Notice") filed by the Former Interim Judicial Manager, Dato' Adam Primus Varghese Bin Abdullah ("FIJM") via their solicitors, Messrs. Firoz Julian, to seek the following orders:

 

(i)       that leave to appeal be granted to the Applicant against the decision of the Court of Appeal given on 9 January 2024, which dismissed the Applicant’s appeal;

(ii)      costs; and

(iii)      any other or further reliefs which the Court deems fit and proper.

 

The Court had directed as follows:

 

1.       A copy of the Sealed Notice of Motion and the Affidavit in Support be served to the Respondent two (2) weeks from the date of the Court Notice;

2.       Respondent to file their Affidavit in Reply two (2) weeks from the date of receipt of the sealed Notice of Motion; and

3.       Applicant to file their Affidavit in Reply (if any) two (2) weeks from the date of receipt of the Respondent's Affidavit in Reply.

 

A Case Management for the Motion has been fixed on 11 March 2024.

 

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.

 

This announcement is dated 14 February 2024.






Announcement Info

Company Name KHEE SAN BERHAD
Stock Name KHEESAN
Date Announced 14 Feb 2024
Category General Announcement for PLC
Reference Number GA1-14022024-00045