Court decides in favour of plaintiff in Utusan case


PETALING JAYA: In a writ of summons against Utusan Melayu (M) Bhd for the failure to refund deposits totalling RM8.5mil, the High Court decided in the plaintiff’s favour on Feb 11. The plaintiff is media company Redberry Sdn Bhd.

“The board of Utusan wishes to announce that it has instructed the company’s solicitors to appeal to the Court of Appeal against the High Court’s decision,” said Utusan in a filing with Bursa Malaysia.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Redberry , Utusan , Nylex , deposit , plaintiff , court

   

Next In Business News

Dollar climbs to 13-month peak, bitcoin eyes US$100,000
Bank Negara international reserves up at US$118bil
Affinity in talks to buy Penang-based Golden Fresh
AirAsia founder plots low-cost Dubai-like hub in Bangkok, Kuala Lumpur
China makes moves in digital culture market
Over 90% of entrepreneurs have yet to adopt e-invoicing - expert
Oil heads for weekly gains on anxiety over intensifying Ukraine war
S&P lowers outlook on three Adani units after US indictment of founder
Bumi Armada posts higher net profit of RM211.33mil in 3Q
Affin Bank's net profit jumps 45% to RM145.82mil in 3Q

Others Also Read