19 Dec 2025
MALAYSIA DEBT VENTURES BERHAD 1. ) PLATINUM TECHSOLVE SDN BHD 2. ) GRAPHENE NANOCHEM PLC 3. ) JESPAL SINGH DEOL A/L BALBIR SINGH @ MUHAMMAD IMRAN BIN ABDULLAH 4. ) SUSHIL SINGH SIDHU A/L JOGINDER SINGH 5. ) ANBANANTHAN A/L SHANMUGAM
- Citation
- WA-22M-300-07/2018 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22M-300-07/2018 (Mahkamah Tinggi)
No binding compromise was formed because MDV's correspondence was conditional ('agreeable to consider'), Item F reserved further terms, essential conditions precedent (guarantees, pledge, NOMAD report) were never satisfied and the draft settlement was not executed by the parties' deadline; GNC's NOMAD resignation and consequent delisting rendered the proposed RTO commercially and legally incapable of being performed and entitled MDV to withdraw; accordingly PTSB (as novated borrower), GNC (corporate guarantor) and the personal guarantors remain jointly and severally liable for RM108,772,652.6…