News about court

Federal Court judge Datuk Seri Hasnah Mohammed Hashim said said homebuyers cannot rely on the Ang Ming Lee decision as a "carte blanche" in order to make financial gain against developers who had obtained EOT prior to that landmark decision.

Courtyard Homes will have a built-up size from 6,649 sq ft and the selling price starts from RM6.

The decision was delivered after a three-judge panel comprising Datuk Zabariah Mohd Yusof, Datuk Abu Bakar Jais and Datuk Vazeer Alam Mydin Meera were informed that the NGOs’ lawyers Rajesh Nagarajan and Sachpreetraj Singh Sohanpal were unable to attend the hearing.

“We believe that the above could eliminate any existing doubt, and ambiguity that could be posed from interpreting the Act (Credit Reporting Agencies Act) in future cases,” said Kenanga Research.

The officer confirmed that there was no written application for the loan, and hence there was no rejection of the loan.

The group had also filed an appeal against part of the court's decision, said Mudajaya, without giving further details.

In April, two representatives of the affected areas, K Mukesh Kumar and Lim Hock Ming, filed a judicial review to seek a stay on the proposed development, a certiorari order to quash the MPS decision in January 9 to approve the project, that the MPS' decision is full of illegality, irrationality, procedural impropriety, and unreasonableness, and should be declared void.

The 278-key hotel features standard and deluxe rooms, one-bedroom suites and presidential suites.

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.

The legal action was initiated by Kumpulan Jetson last December after the group turned down the requisition notice on the grounds that the 10 shareholders did not collectively hold at least 10% of the group's shares on the day of the request.