GRP Limited Updates on Legal Dispute with EESB
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GRP Limited has provided an update on its legal dispute with EESB, announcing that a Consent Order was recorded at the Ipoh High Court. This led to the discharge of a Mareva Injunction, allowing Ratus Nautika access to its business account funds. The civil suit against Ratus Nautika’s directors will be discontinued, and the case is stayed pending arbitration. Ratus Nautika will segregate the disputed funds while maintaining its rights in ongoing adjudication proceedings.
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