Jesselton Courtyard redefines upscale landed living in the heart of Penang
George Town has long been a coveted address.
George Town has long been a coveted address.
Semantan Estate, which has gone under voluntary liquidation, is seeking a stay of the appellate court’s June 24 decision, which specified that the High Court is to assess the compensation to be paid by the government over the illegal acquisition of land, based on the 1956 market rate with 6% annual interest until payment.
Judge Datuk Ahmad Shahrir Mohd Salleh ruled on July 22 that the court had found no contractual relationship between the parcel owners and the directors.
"The contents of the letter do not refer to the respondent as the party responsible for finding replacement land," the court said.
The appellate bench had also unanimously overturned a High Court order for the K Residence JMB to reconvene its AGMs, and to allow them to vote at the meetings.
In his 66-page ruling released Tuesday (July 22), Justice Datuk Lee Swee Seng stated the decision favoring the government was straightforward, citing the broader need to shield public entities from litigation that could impede governance.
In a bourse filing, the company said former CEO, Datuk Loh Yuen Tuck has agreed to a consent award, under which Sentoria will pay RM142,800.
Datuk Rhodzariah Bujang, leading a three-judge panel together with Datuk Abu Bakar Jais and Datuk Lee Swee Seng, said they need more time to study the submissions and will inform the parties of a date for a decision in due course.
Bina Puri Sdn Bhd (BPSB) was served with the winding-up petition on May 8 from Fujifilm’s solicitors, Messrs Skrine, with a hearing fixed for Aug 6, 2025, the property developer said in a filing on Tuesday.
Judge Datuk Amarjeet Singh Serjit Singh dismissed the judicial review application and ordered the residents to pay costs.