JUDGMENT

Arik Sanusi Yeop Johari JC:

Introduction

[1] This is an appeal by the Plaintiff against the decision of this Court in allowing the Defendants' application for an interim stay of proceeding against the Plaintiff's Originating Summons No: RA-24C(ARB)-2-07/2020 dated 13 July 2020 which was filed pursuant to s 38 of the Arbitration Act 2005 [Act 646].

Background

[2] The Plaintiff has filed the Originating Summons (encl 1) dated 13 July 2020 for the final arbitration award between the Plaintiff and the Defendants dated 9 August 2019, be registered as a judgment of the High Court, for the recognition and enforcement of the award against the Defendants. The orders prayed by the Plaintiff are as follows:

"1. Award Muktamad timbang tara bertarikh 9 August 2019 antara Plaintif dan Defendan-Defendan ("Award Muktamad tersebut") dijadikan Penghakiman Mahkamah Yang Mulia ini yang mengikat dan boleh dikuatkuasakan terhadap Defendan-Defendan.

2. Penghakiman Mahkamah Yang Mulia ini direkodkan mengikut terma-terma Award Muktamad tersebut dan Perintah Mahkamah Tinggi Kuala Lumpur bertarikh 14 February 2020 sebagai Defendan-Defendan bayar kepada Plaintif seperti berikut:

(i) Sejumlah RM144,730,780.