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APFT

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MATERIAL LITIGATION APFT BERHAD (APFT) SUBJECT: MATERIAL LITIGATION Notice pursuant To Section 465(1)(e) and Section 466(1)(a) of the Companies Act, 2016

APFT BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
APFT BERHAD (APFT) 
SUBJECT: MATERIAL LITIGATION Notice pursuant To Section 465(1)(e) and Section 466(1)(a) of the Companies Act, 2016

We refer to the Company's announcements made on 30 August 2019 in relation to Notice of Application for Interim Injuction against APFT AVIATION SDN. BHD. (APFT Aviation) (Wholly Owned subssidiary of APFT Berhad) by the Liquidator of Asia Pacific Flight Training Sdn. Bhd. In Liquidation) (referred as “APFTSB”). Unless otherwise stated, the terms used throughout this announcement shall have the same meanings as defined in the earlier announcements.

The Board of Directors wishes to highlight on the followings from the hearing before the High Court Judge on 03 September 2019 :-

 

1. Counsel for Asia Pacific Flight Training Sdn Bhd (In Liquidation) (“the Plaintiff”) has informed the court that Encl 3 is essentially an injunction against APFT Aviation Sdn Bhd (“the Defendant”) from inter alia dealing, selling and/or disposing of 16 aircrafts which belonged to the Plaintiff but was transferred to the Defendant prior to the Plaintiff being wound up. Accordingly, the Plaintiff has also apprised the court that the Plaintiff will not be pursuing Encl 3 and will proceed with the Originating Summons (“Encl 1”) should it be discovered that the aircrafts have subsequently been sold off to other parties.  

 

2. Daniel & Wong informed the court that they have recently been appointed to act for the Defendant and will require time to obtain further instructions as to the status of the aircrafts. Daniel & Wong further informed the court that the Defendant will also be putting in an affidavit in reply in respect of Encl 3.

 

3. Parties were informed by the High Court Judge that the suit would be sent back to Yang Arif Tuan Darryl Goon Siew Chye after 13.9.2019 and decided that it would be best to have the case management heard before the new presiding judge. Accordingly, the High Court Judge directed as follows:

               3.1          the Defendants to file their affidavit in reply on or before 17.9.2019; and

               3.2          a further case management for Encl 1 and Encl 3 to be held in front of YA Tuan Darryl Goon Siew Chye on 17.9.2019

 

This announcement is dated 03 September 2019.






Announcement Info

Company Name APFT BERHAD
Stock Name APFT
Date Announced 03 Sep 2019
Category General Announcement for PLC
Reference Number GA1-03092019-00114