![]() Institutional creditors are Bank Pembangunan Malaysia Bhd, AmBank Islamic Bhd, AmBank (M) Bhd, Affin Hwang Investment Bank Bhd, Bank Muamalat Malaysia Bhd, Affin Bank Bhd, Bank Kerjasama Rakyat Malaysia Bhd, Malayan Banking Bhd and Kuwait Finance House (Malaysia) Bhd. The creditors include Contraves Sdn Bhd, Axima Concept SA, Contraves Advanced Devices Sdn Bhd, Contraves Electrodynamics Sdn Bhd and Tyco Fire, Security & Services Malaysia Sdn Bhd, as well as iXblue SAS, iXblue Sdn Bhd and Protank Mission Systems Sdn Bhd. Since then, it is understood that other creditors have intervened in the ongoing court proceedings over the scheme of arrangement. The ad interim restraining order will not restrain or stay the continuation of legal proceedings brought by MTU Services and Ingat Kawan (M) Sdn Bhd. Prior to that, BNS had in October 2020 obtained an ad interim restraining order to restrain its scheme creditors from initiating legal proceedings against the company. Royal Collection provides you the best range of bns brain tonic 53, bns alovera gel & bns pure honey with effective & timely delivery. On March 29, 2021, the winding-up petition was struck out. That same day, the court also granted a restraining order on proceedings against BNS or its assets for three months after a winding-up petition by MTU Services (Malaysia) Sdn Bhd.īNS’ financial stress mounted in July 2020 following a winding-up petition filed by MTU Services over an alleged debt of RM56.04 million. Prior to that, on June 2, 2021, she had granted BNS a three-month restraining order and leave to proceed with a scheme of arrangement with its creditors. In January, Chan granted a three-month extension of the restraining order to BNS from Dec 2 last year to March 2. This is not the first time that the restraining order was extended. Lee Shih and Nathalie Ker from Messrs Lim Chee Wee Partnership appeared for Boustead Naval Shipyard. Senior Defence Minister Datuk Seri Hishammuddin Tun Hussein was quoted by the media saying the decision was made after taking into consideration two key factors, namely the LCS assets are much needed by the Royal Malaysian Navy (RMN) as well as there being 400 vendors involved in the project, with a financial expenditure of over RM4 billion. To recap, the Cabinet, which met on Wednesday and was chaired by Prime Minister Datuk Seri Ismail Sabri Yaakob, unanimously agreed to proceed with the project to procure the LCS. Judicial Commissioner Liza Chan Sow Keng granted the extension, after the court took into account the Cabinet's position to continue with the littoral combat ship project. This is a list detailing formal military service by members of the British royal family. KUALA LUMPUR (April 21): It appears that stars have aligned for financially-stressed Boustead Naval Shipyard Sdn Bhd (BNS), which has failed to deliver six littoral combat ships (LCS) to the Royal Malaysian Navy under the RM9.1 billion contract awarded in 2011.īNS, a subsidiary of Boustead Holdings Bhd controlled by the Lembaga Tabung Angkatan Tentera, succeeded in getting the High Court to extend the restraining order until June 2, pursuant to a scheme of arrangement and leave to hold the court-convened meeting up to June 2. ![]()
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