CABNET

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MATERIAL LITIGATION (1)Shah Alam High Court ("Construction Court")Suit No. BA-24C-5-01/2019 between Cabnet Systems (M) Sdn Bhd (Cabnet Systems)(Plaintiff),Dekad Kaliber Sdn Bhd (Dekad Kaliber)(1st Defendant) and Rimarisan Sdn Bhd (Rimarisan)(2nd Defendant)("Construction Court Suit");and (2)Shah Alam High Court ("Civil Division")Suit No. BA-22NCvC-28-01/2019 between Cabnet Systems (Plaintiff), Dekad Kaliber (1st Defendant) and Rimarisan (2nd Defendant)("Civil Court Suit")

CABNET HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
(1)Shah Alam High Court ("Construction Court")Suit No. BA-24C-5-01/2019 between Cabnet Systems (M) Sdn Bhd (Cabnet Systems)(Plaintiff),Dekad Kaliber Sdn Bhd (Dekad Kaliber)(1st Defendant) and Rimarisan Sdn Bhd (Rimarisan)(2nd Defendant)("Construction Court Suit");and

(2)Shah Alam High Court ("Civil Division")Suit No. BA-22NCvC-28-01/2019 between Cabnet Systems (Plaintiff), Dekad Kaliber (1st Defendant) and Rimarisan (2nd Defendant)("Civil Court Suit")

We refer to the announcements issued on 25 February 2019, 6 March 2019, 9 April 2019, 18 April 2019, 3 May 2019, 23 May 2019, 3 June 2019, 21 June 2019, 31 July 2019, 20 August 2019, 8 October 2019, 20 December 2019, 21 January 2020, 17 February 2020, 28 February 2020, 3 March 2020, 1 April 2020, 9 April 2020, 19 May 2020, 15 June 2020, 15 July 2020, 3 September 2020, 13 October 2020, 22 October 2020, 16 November 2020, 6 January 2021,11 January 2021, 17 February 2021, 19 March 2021, 24 May 2021, 4 June 2021 and 14 June 2021 in relation to the abovesaid Construction Court Suit and Civil Court Suit (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meanings stated in the Announcements.

 

The Company wishes to announce the following updates based on the case management held on 25 November 2021 for the Civil Court Suit.

 

Civil Court Suit

 

Following the case management held on 25 November 2021, the Plaintiff had informed the Court of the intention to withdraw the action. After hearing oral submissions from parties, the Judge had allowed the Plaintiff’s application to withdraw the action with costs of RM10,000 to be pay to the 2nd Defendant on the following grounds: -

 

a. the 2nd Defendant cannot claw back the monies from the Plaintiff and its only recourse is to claim back the monies from Synergycentric under Section 30(4) CIPAA 2012 (and not the Plaintiff); 

b. that there is no counterclaim mounted against the Plaintiff to claw back the monies paid to the Plaintiff; and

c. Synergycentric was not made as a party to this action.

 

In light of the above, the Civil Court Suit has been successfully withdrawn and the trial dates from 21 February 2022 to 23 February 2022 have been vacated.

 

As the matter in respect of Civil Court Suit have concluded, there shall be no further announcement pertaining to the Civil Court Suit.

 

This announcement is dated 26 November 2021.






Announcement Info

Company Name CABNET HOLDINGS BERHAD
Stock Name CABNET
Date Announced 26 Nov 2021
Category General Announcement for PLC
Reference Number GA1-26112021-00079