PUTRAJAYA, March 19 -- The Court of Appeal (COA) has upheld the Kuala Lumpur High Court's decision to annul the RM86.77 million fine proposed by the Malaysia Competition Commission (MyCC) against Grab Holdings Inc and its subsidiaries, GrabCar Sdn Bhd and MyTeksi Sdn Bhd, in 2019.

According to a report in The Edge, a three-member panel led by Justice Datuk ES Nantha Balan, along with Datuk Dr Lim Chong Fong and Datuk Ahmad Kamal Md Shahid, also ordered MyCC to pay RM50,000 in costs to Grab.

Delivering the unanimous decision, Lim said MyCC had been "cavalier" in its investigations, which the court found to be procedurally improper, justifying the judicial review. He noted that MyCC should have notified Grab and its subsidiaries of the re...