TCS

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MATERIAL LITIGATION TCS GROUP HOLDINGS BERHAD ("TCS" OR "COMPANY") SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-269-07/2021 MPM PROJECT MANAGEMENT SDN. BHD. ("MPM PROJECT MANAGEMENT") V TCS CONSTRUCTION SDN. BHD. ("TCSCSB")

TCS GROUP HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
TCS GROUP HOLDINGS BERHAD ("TCS" OR "COMPANY")

SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-269-07/2021
	 				
MPM PROJECT MANAGEMENT SDN. BHD. ("MPM PROJECT MANAGEMENT") V TCS CONSTRUCTION SDN. BHD. ("TCSCSB")

Reference is made to the Company's announcement dated 21 July 2021.

 

On 28 February 2022, MPM Project Management has been wound up.

 

On 24 May 2022, the Shah Alam High Court had granted leave to TCSCSB to proceed with both TCSCSB’s Shah Alam High Court Suit [BA-22C-27-07/2021] (“TCS’s Suit”) and Adjudication Proceedings [AIAC/D/ADJ-3778-2021] pursuant to Construction Industry Payment & Adjudication Act 2012 against MPM Project Management. While the TCS’s suit is now ongoing, the Adjudication Decision is expected to be delivered within 45 working days from 7 July 2022.

 

On 8 June 2022, Datuk Mohd Afrizan bin Dato’ Husain of Parker Randall Insol PLT at No. 2, Jalan Rampai Niaga 2, Rampai Business Park, 53300 Kuala Lumpur has been appointed by the Shah Alam High Court as the Liquidator of MPM Project Management.

 

The Board of Directors of TCS wishes to inform that the Liquidator for MPM Project Management has on 25 July 2022 withdrawn its high court claim against TCSCSB (Suit No. BA-22NCVC-269-07/2021) (“the said Suit”) and all other related applications in the said Suit, with no order as to cost but with liberty to file afresh. TCSCSB has also likewise withdrawn its counterclaim in the said Suit with no order as to cost but with liberty to file afresh.

 

This announcement is dated 26 July 2022.






Announcement Info

Company Name TCS GROUP HOLDINGS BERHAD
Stock Name TCS
Date Announced 26 Jul 2022
Category General Announcement for PLC
Reference Number GA1-19072022-00021