The Federal Court decisively held that Section 16M of the HDA refers to “a claim”, and not to “all the claims” in respect of the monetary limit, and therefore, each split claim before the Tribunal should be assessed separately and distinctly from each other.
Judicial Commissioner Liza Chan Sow Keng granted the inter-partes (both parties) interim injunction.
The bench also ordered both of them to pay RM70,000 costs to the Taman Bangsar RA.
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.
The upcoming Federal Court decision will once and for all decide whether the land should be developed or not.
Judge Datuk Nallini Pathmanathan, who wrote the unanimous decision, ruled Section 22(2A) said the development affecting hill tops or hill slopes are no longer merely an issue of local state governance.
“No law shall provide for the compulsory acquisition or use of property without adequate compensation.
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.
The developer should not arbitrarily impose an exorbitant administrative fee and benefit itself for its own neglect in applying for the strata title.
KUALA LUMPUR (Nov 18): Talam Transform Bhd is selling its entire 85% stake in Jilin Province Maxcourt Hotel Ltd (JPMHL) together with an assignment amount of creditors rights to Jilin Provincial Expressway Group Co Ltd (JPEGCL) for a combined cash sum of 72.
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