Malaysia Steelworks (KL) Ltd (Masteel) plans to appeal against a Court of Appeal decision that allowed Mukand Ltd’s claim of US$206,639 (RM656,532).
Masteel legal advisor was in the process of submitting its appeal against the decision to the Federal Court within the allowable time frame.
On May 15 2008, the Court of Appeal had ruled Mukand’s claim be allowed and the counterclaim of Masteel be dismissed.
The judgment had given to the plaintiff an amount of US$206,639.95, which represented the balance sale price only and interest at 8% per annum from May 10, 1999 and cost. Masteel said there was no order for the sums of US$91,500 and US$5,000 claimed by Mukand.
Scan 05 Nov 2024
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Symbol TypeDateClose PriceVolume13 Day RSI
ANCOM Overbought 11/5/2024 1.07 1590300 74.36
CYPARK Overbought 11/5/2024 0.84 7540100 74.73
HARTA Overbought 11/...
13 hours ago
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