KUALA LUMPUR: JAKS Resources Bhd has filed its defence to a claim by Star Media Group Bhd that the former, as a corporate guarantor to its 51.5%-owned subsidiary JAKS Island Circle Sdn Bhd (JIC), is liable for JIC’s default of obligations in relation to a property development project in Section 13, Petaling Jaya.

The property developer has also filed a counterclaim against Star Media, seeking damages and costs for prematurely initiating the claim in bad faith and/or maliciously, and/or which is an abuse of court process.

In a filing with Bursa Malaysia yesterday, JAKS said the next case management in the High Court here is fixed for June 17.

“The company will make further announcement[s] on the developments of the matter as and when necessary,” it added.

Star Media on April 30 took legal action against JAKS, claiming RM134.5 million being the balance purchase price for the purchase of the Section 13 land from Star Media and late payment interest of RM43.22 million.