Iris served with winding-up petition

PETALING JAYA: Iris Corp Bhd was served with a winding-up petition in the Kuching High Court by Dole Sebiro (M) Sdn Bhd, for RM3.16 million owing to the company for works done for projects in Sarawak.
"The company is disputing the sum allegedly due and owing to them and the petitioner is well aware of this fact. The company categorically deny and refute the baseless claim by the petitioner and the company shall through its solicitors prove that the company is actively pursuing the petitioner for a settlement under the whole projects which has not been reached," Iris said in a stock exchange filing today.
The company noted that the hearing date fixed by the High Court of Kuching and endorsed on the said petition was June 11, prior to the company being served with the petition.
As at today, Iris said it has no knowledge of the next case management and/or hearing date fixed by the Court for the petition.
"The board is seeking the necessary legal advice to remedy this situation."
In February 2017, Dole Sebiro served the winding-up petition on Iris for a RM8.71 million claim, but withdrew the petition following successful negotiations with Iris.
Iris had appointed Dole Sebiro as subcontractor for a Ministry of Education job to build schools in Sarawak.