Raub Australian Gold Mining Sdn Bhd (RAGM), which is facing a liquidation process, was ordered to pay RM30,000 as security deposit as part of a condition to have their leave application heard at the Federal Court.
The ruling was made following a request by Gurdial Singh Nijar, lawyer for Hue Shieh Lee (photo). Last year, RAGM's defamation suit against Hue was unsuccessful and the company was now appealing.
Gurdial told the court that a security deposit of about RM60,000 was necessary because RAGM has yet to pay cost awarded by the High Court and Court of Appeal. The lawyer also told the court that RAGM owed creditors close to RM300 million.