PUTRAJAYA (Jan 19): Tycoon Tan Sri Halim Saad withdrew his appeal in the Federal Court yesterday over having to pay RM2.5 million to businessman Chan Yok Peng, who earlier gave him a friendly loan.
The withdrawal was confirmed by Federal Court deputy registrar Nurul Husna Awang, who informed that a notice of discontinuance of the appeal had been filed.
The hearing of Halim s appeal was scheduled for today before the apex court.
Chan s lawyer Muhammad Syafiq Amani Md Sabri, when contacted by theedgemarkets.com today, also confirmed the withdrawal of the appeal by Halim. Hence, he has to pay the amount as directed by the Court of Appeal (COA), the lawyer said.