News about High Court

The construction and property development firm’s profitability was attributable to the positive impact of its wholly-owned unit Bina Puri Sdn Bhd’s (BPSB) scheme of arrangement with creditors, which usually involves taking haircuts from the amount owed.

Court of Appeal Judge Wong Kian Kheong in his judgment on Feb 19 this year said that the areas in dispute, namely 342 car park bays, landscaped areas, a pool deck, and other common property from the developer and the purchaser of some of the areas, should be the common property of Centrestage and not belong to the developer and the purchaser.

According to the judgement dated March 7, the High Court ordered CDS to pay businesswoman Suriati Mohd Yusuf RM200,000 in damages, along with RM50,000 in costs, for an inaccurate negative credit rating.

“Credit reporting agencies will likely need to overhaul their business models to comply fully with the [Credit Reporting Agencies] Act 2010, potentially discontinuing their credit score services altogether.

"The distinction between the roles of the court and the government is at the heart of the constitutional balance.

Due to a default payment amounting to RM198,116.

Judicial Commissioner Liza Chan Sow Keng granted the inter-partes (both parties) interim injunction.

They claim that since last year, they had separately tried to redeem their investments, but ACE Holdings had replied that since its operations were badly affected by the Covid-19 pandemic, payments would be delayed.

This follows a lawsuit filed by Maybank International Labuan Branch as far back as September 2020, which then saw the court giving Dolomite until Oct 4 to settle the outstanding amount as well as the costs awarded by the court due to Maybank, or be wound up.

KUALA LUMPUR (Nov 7): The High Court in Johor Bahru on Sunday ordered ex-Johor executive council member Datuk Abd Latif Bandi, his son and a former real estate consultant to enter their defence against 37 corruption and money laundering charges involving more than RM30 million as the prosecution had proven a prima facie case against the accused, who were charged in 2017 for receiving bribes from property developers who requested for the change in bumiputra land status in Malaysia.