“The company has obtained legal advice and intends to contest the winding-up petition vigorously as Impiana Cherating is able to settle the amount claimed and there is no need to liquidate the assets of Impiana Cherating to settle the amount.
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HBA notes that further improvements could and should be undertaken by the government, namely to the new pegged fee of RM500 should not only take effect prospectively but retroactively (but not to the extent of making the liquidators refund any “overcharged fees”).
In a filing on Tuesday (Oct 18), the convenience store operator said its wholly-owned subsidiary, Mynews Retail Sdn Bhd, had paid the petitioner ― Kumpulan Hamzah Kwong Hing Realty Sdn Bhd ― the RM112,770 that was allegedly owed.
The exploitation by private liquidators – making a fortune from homebuyers’ misfortune – is a double whammy for the victims who are already facing the complications from their defunct property developers.
The group said wholly owned Mynews Retail Sdn Bhd entered into a three-year tenancy agreement with landlord Kumpulan Hamzah Kwong Hing Realty Sdn Bhd in 2014, with an option to renew for a further three consecutive terms of three years each.
"We wish to emphasise that Tan Sri Lim did not benefit in any way, whether personally or with regard to business," said a statement issued on his behalf.
The developer should not arbitrarily impose an exorbitant administrative fee and benefit itself for its own neglect in applying for the strata title.
The affected residents claimed alleged failure to establish a joint management body (JMB) within 12 months of delivery of vacant possession, the misuse of maintenance funds, as well as other misconduct in the management of the condominium.
There seems to be an ongoing attempt at circumventing the Federal Court decision to allow the authorities to again extend the deadline for delivery of vacant possession.
The man in the street thinks we now have a DIY SPA vide eSPA and there is no need for the services of lawyers in property purchases.
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