Govt, NFC to reach settlement on RM253.6m suit, failing which trial resumes

The High Court today set May 17 to resume trial of a suit by the Malaysian government to recover RM253.6 million in loan payments and interests from National Feedlot Corporation (NFC) should the parties involved fail to reach a settlement.

Senior federal counsel Nurhafizza Azizan, representing the government when met by reporters, said the court had set today to resume the trial before Judicial Commissioner Anand Ponnudurai.

"However, today's trial was postponed following NFC’s request to settle the suit. The parties will inform the court of the status of...