Monday, 07 Sep 2020 09:15 PM MYT
KUALA LUMPUR, Sept 7 — The issue over an agreement over 24 parcels of land belonging to Felda in Jalan Semarak here between Felda Investment Corporation Sdn Bhd and Synergy Promenade Sdn Bhd will continue to go for arbitration. This was informed by lawyers Amrit Pal Singh and RK Sharma who represented SPSB as defendants, after the court proceeding here today.
“The FIC’s application to prevent Synergy Promenade from proceeding with the arbitration proceedings was rejected by the court at a cost of RM25,000,” he said.FIC as the plaintiff in its originating summons on Jan 24 sought to declare article 9.04 of the development agreement between the two parties on June 2, 2014, null and void, inoperative, and incapable to be performed.