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Appellate court strikes out appeal against winding-up following Serba Dinamik and three subsidiaries’ withdrawal

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Appeal Against Winding-Up News

Court Of Appeal,Serba Dinamik Holdings Bhd

PUTRAJAYA, June 25 — Serba Dinamik Holdings Berhad and three of its subsidiaries today withdrew their appeal at the Court of Appeal against a High Court ruling that allowed a...

On January 10 last year, the High Court in Kuala Lumpur allowed the winding-up petition brought by Standard Chartered Saadiq Berhad, HSBC Amanah Malaysia Berhad, AmBank Islamic Berhad, MIDF Amanah Investment Bank Berhad, United Overseas Bank Bhd and Bank Islam Malaysia Berhad over debts of nearly RM5 billion.

Earlier lawyer Sandra Tan representing Serba Dinamik and its subsidiaries Serba Dinamik International Ltd, Serba Dinamik Sdn Bhd and Serba Dinamik Group Bhd informed the court that she received instructions from her clients to withdraw the appeal.

On March 16 last year, the High Court dismissed Serba Dinamik and the three companies’ application for a permanent stay of the winding-up pending the hearing of their appeal at the Court of Appeal. Early this month, it was reported that Serba Dinamik had been delisted by Bursa Malaysia of its shares after Bursa rejected the company’s final appeal. — Bernama

 

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