In a significant legal victory, Perbadanan Nasional Bhd (“Pernas”, owned by the Minister of Finance, secured an RM46 million summary judgment against Serba Dinamik Holdings Bhd’s group managing director, Datuk Dr Mohd Andul Karim Abdullah and two former executives (“Appellants”). A bench of the Court of Appeal of Malaysia (“Court of Appeal”) consisting of Justice Datuk P Ravinthran, Justice Datuk Seri Mariana Yahya, and Justice Datuk Collin Lawrence Sequerah dismissed the appeal filed by the Appellants and upheld the decision of the Kuala Lumpur High Court handed down in February 2023. The Court of Appeal ordered Serba Dinamik Holdings Bhd’s group managing director to pay RM15,000 in costs, and its two former senior executives to pay a total of RM10,000 in costs.

Pernas was represented by our Rishwant Singh (instructed as counsel by Mohd Wafiy Azman and Muhammad Haikal Muhammad Suhaimi of Messrs Azmi & Associates).