PETALING JAYA: MMC Corp Bhd and Gamuda Bhd said the arbitration notice served by Emrail Sdn Bhd against the groups’ jointly controlled entity MMC-Gamuda Joint Venture Sdn Bhd (MGJV) is invalid.
In filings with Bursa Malaysia, both companies said Emrail is not entitled to commence arbitration proceedings against MGJV.
Further announcements will be made if there are any material developments on the matter, they said.
The arbitration notice was premised on Emrail’s alleged dispute and differences arising in the conditions of contract dated Dec 23, 2010 for the construction and maintenance of track works for the Electrified Double Track Project (EDTP). MGJV was the then contractor for the EDTP between Ipoh and Padang Besar.