Did PKNS prove its case against Nusa Gapurna and MRCB?

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PKNS Failed to Prove Its Case Against Nusa Gapurna and MRCB

The Selangor State Development Corporation (PKNS) did not succeed in its legal action against Nusa Gapurna Development Sdn Bhd and Malaysian Resources Corp Bhd (MRCB). The High Court found that PKNS failed to substantiate its claims of a breach of a shareholders' agreement concerning a stake in PJ Sentral Development Sdn Bhd. Consequently, the suit was dismissed, and PKNS was ordered to bear legal costs.
Dismissal of PKNS's Suit

High Court judge Datuk Hasnah Mohammed Hashim dismissed the suit filed by PKNS against Nusa Gapurna and MRCB. The court heard evidence from six witnesses before reaching its decision. Justice Hasnah concluded that PKNS had not provided sufficient proof to establish its case against the two defendants regarding the alleged breach of the shareholders' agreement.
No Breach of Pre-emption Rights or Interference Found

The court determined that Nusa Gapurna did not violate any pre-emption rights held by PKNS. Furthermore, Justice Hasnah found no evidence of interference by MRCB concerning the shareholders' agreement pertaining to PJ Sentral. This assessment formed a key basis for the dismissal of PKNS's claims.
Rejection of Injunction and Allowance of Counter-Claim

PKNS's request for a temporary injunction to prevent Nusa Gapurna from selling its 70 per cent stake in PJ Sentral was also rejected by the judge. In a significant development, Justice Hasnah allowed Nusa Gapurna's counter-claim. This counter-claim mandated that PKNS sell its 30 per cent stake in PJ Central to MRCB.

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Did PKNS prove its case against Nusa Gapurna and MRCB?

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