OTHERS - PESTECH INTERNATIONAL BERHAD ("PESTECH") -
MATERIAL LITIGATION - KUALA LUMPUR HIGH COURT (WA-24C-95-06/2023)
PESTECH INTERNATIONAL BERHAD
Reference is made to PESTECH’s announcements made on 27 June 2023, 20 November 2023, 5 December 2023, 11 December 2023, 15 December 2023 and 22 December 2023 in relation to the filing of:-
(a) appeals to the Court of Appeal (“Appeals”) against the High Court’s decisions which had dismissed PESTECH Technology Sdn. Bhd. (“PTECH”)’s injunction application vide Originating Summons and Ex-Parte Notice of Application dated 10 June 2023 to:-
(i) restrain Maybank Islamic Berhad (“Maybank”) from making payment of the Performance Bond to Syarikat Pembenaan Yeoh Tiong Lay (“SPYTL”);
(ii) to restrain SPYTL from receiving and/or utilizing proceeds that may have been received under the Performance Bond.
(b) Erinford Injunction Application to preserve PTECH’s interests pending the disposal of the Appeals; and
(c) applications under Section 44 of the Courts of Judicature Act 1964 (“s44 Applications”) filed by PTECH on 15 December 2023 to the Court of Appeal to maintain status quo pending the disposal of the Appeals.
PESTECH would like to announce that at the case management on 19 January 2024, the Registrar has given the directions as follows:-
(i) Hearing of the Appeals is fixed on 29 April 2024;
(ii) Parties to file written submissions by 1 April 2024, and reply submissions by 14 April 2024;
(iii) Appellant to file bundle containing the Notices of Appeal, Memorandum of Appeal, High Court Order and High Court Grounds by 14 April 2024; and
(iv) Next case management is fixed on 15 April 2024.
This announcement is dated 19 January 2024.
