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Rafizi Ramli drops bankruptcy case against NFCorp’s director after amicable settlement over unpaid defamation costs.
Former economy minister Rafizi Ramli has dropped his legal bid to bankrupt NFCorp director Mohamad Salleh Ismail and wind up the company, following an amicable resolution before a scheduled High Court hearing.
The case, seeking enforcement of unpaid court-ordered costs from a 2016 defamation suit, was formally discontinued on March 3 with the court striking out the proceedings.
Though Rafizi acknowledged receiving RM300,000 in payments in December 2022, the full amount owed was not disclosed.
The dispute stemmed from a reversed 2019 Court of Appeal ruling that awarded Rafizi additional costs, later upheld by the Federal Court in 2022.
The settlement avoids further litigation.
Rafizi Ramli deja caer el caso de bancarrota contra el director de NFCorp después de un acuerdo amistoso sobre los costos de difamación no pagados.