Focus

High Court orders Liberty Technology Resources to pay RM14.39 mln to SSM

25 Jun 2023 04:06pm
Image for illustrative purposes only. - FILE PIX
Image for illustrative purposes only. - FILE PIX
A
A
A

KUALA LUMPUR - Liberty Technology Resources Sdn Bhd (LTRSB) has been ordered to pay about RM14.39 million to the Companies Commission of Malaysia (SSM) after the Kuala Lumpur High Court dismissed its suit against the agency.

In a statement today, SSM said LTRSB had filed the suit after SSM terminated an enterprise resource planning system development contract with the company on Dec 19, 2019.

In his judgment, Judge Ong Chee Kwan allowed SSM’s counterclaim bid whereby LTRSB was instructed to refund the amount of RM12.23 million already paid by SSM and to pay RM1.97 million in liquidated ascertained damages.

LTRSB was also told to pay a five per cent interest on the amount claimed by SSM starting from Nov 26, 2020, until the full payment of the claims is made as well as RM200,000 in costs to the commission. - BERNAMA

Related Articles:
Liberty Technology Resources
SSM
KL High Court
Lawsuit
More Like This
Photo for illustration purpose only. - File photo by MPKB-BRI
Photo for illustration purpose only. - File photo by MPKB-BRI
National Integrated approach needed to address plastic pollution - DOF
According to the DOF, chemicals used in plastic manufacturing, such as bisphenol A (BPA) and phthalates, can leach into the environment and food sources.
Nor Fazli (centre) with his fellow comrades, who also serve as personal bodyguards for celebrities.
Nor Fazli (centre) with his fellow comrades, who also serve as personal bodyguards for celebrities.
National Ex-bodyguard recounts thwarting kidnapping, vehicle theft in dramatic 2004 chase
By Aisyah Basaruddin
27 Apr 2024 05:00pm
Bodyguard shares harrowing experiences protecting clients
Winners for LBS's first lucky draw contest under its Fabulous Extra 2022-23 campaign during its prize giving ceremony today at Cybersouth sales gallery, Dengkil.
Winners for LBS's first lucky draw contest under its Fabulous Extra 2022-23 campaign during its prize giving ceremony today at Cybersouth sales gallery, Dengkil.
National Lucky homeowners reap fabulous rewards from LBS' Fabulous Extra 2022-23 Campaign
By WALA ABDUL MUIZ
27 Apr 2024 04:23pm
Among its prizes were Perodua Axia(s), Rock Rider Bicycles, Panasonic televisions, home theatre sound systems, and SM Sport 110R motorcycles.
Ameyza now serves as a personal guard to a businessman.
Ameyza now serves as a personal guard to a businessman.
National Being a bodyguard: A lucrative yet risky career path - Former UTK personnel
By IZWAN ROZLIN, DIANA AZIS, AISYAH BASARUDDIN and NURATIKAH ATHILYA HASSAN
27 Apr 2024 04:02pm
Female bodyguard sheds light on physically demanding profession