16 Mar 2026
1. ) KNM GROUP BERHAD 2. ) KNM PROCESS SYSTEMS SDN. BHD. PENCELAH 1. ) Hitachi Zosen Corporation [NOD at Encl. 192] 2. ) IPL Middle East DMCC 3. ) Alam Hzem Sdn Bhd [NOD at Encl. 192] 4. ) Cypark Sdn Bhd 5. ) ANN JOO METAL SDN BHD 6. ) ANN
- Citation
- WA-24NCC-201-04/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-201-04/2024 (Mahkamah Tinggi)
The sanction application was dismissed because there was insufficient certainty that the principal funding source (the Borsig Disposal) would complete due to failure to satisfy a material condition precedent (Bursa Malaysia approval of the Regularisation Plan) and NGK's withdrawal, creating a blot/roadblock rendering the Schemes inoperable.