Monday 6 July 2015

Kamdar: "It's a messy family affair" (4)

I have written before about Kamdar.

The company announced:

Further to the announcement made on 14 October 2014 pertaining to the issuance of Writ of Summons together with Statement of Claims to Bipinchandra A/L Balvantrai, Jayesh R. Kamdar Rajnikant and Yap Kim Hong (“the Defendants”), the Board of Directors of Kamdar Group (M) Berhad (“KGMB” or “the Company”) wishes to announce that the Learned High Court Judge had on 1 June 2015 dismissed its wholly-owned subsidiary, Kamdar Sdn Bhd’s (“KSB” or “the Plaintiff”) claim against the Defendants that the Plaintiff is to pay to the 3 Defendants RM60,000.00 each in cost.

KSB will decide whether to appeal the decision only after due consultation with it's lawyers.

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