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Annual Report 2016
ASIA MEDIA GROUP Berhad
125
Notes to the Financial Statements
(continued)
28. Material litigation
Shah Alam High Court Civil Suit No. 22NCVC-186-03/2015: Rapid Rail Sdn. Bhd. (“Plaintiff”) v
Asia Media Sdn. Bhd. (“Defendant”)
On 27th March 2015, the Plaintiff filed the Writ and Statement of Claim against the Defendant
seeking, inter alia:
(i) Payment of Minimum Guaranteed Sum (“MGS”) amounting to RM 1,215,000.00 for Year
5 of the Licence Agreement;
(ii) Payment of cumulative MGS for the extended period amounting to RM607,500.00
(iii) Costs and interests
By the Defence and Counterclaim dated 14th May 2015, the Defendant counter claimed against
the Plaintiff for breach of the License Agreement and pleaded the defence of set-off.
On 3rd July 2015, the Plaintiff filed the Summary Judgement application and the High court
allowed the Plaintiff’s summary judgement application against the Defendant for the sum of
RM1,215,000 in 17th September 2015. This Judgement is presently stayed pending the disposal
of the trial in respect of the Defendant’s counterclaim.
This matteris fixed to go for trial on 29th February 2016 in respect of the Defendant’s counterclaim,
and the remainder of the Plaintiff’s claim.
Further trial took place on 14 June 2016, and 11-13 July 2016. Both parties have filed their
submissions, and are now waiting for a date to be fixed for the Judge to deliver decision.