News about court

“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.

The appellate court had initially fixed last Oct 24 for the hearing of Semantan Estate’s appeal, but senior federal counsel Shamsul Bolhassan sought an adjournment following a negotiated settlement taking place.

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.

The unanimous decision was made by a three-member apex court bench led by Datuk Zabariah Mohd Yusoff, who also ordered MBPJ to pay RM100,000 costs to the RA identified as Lim Keng Jit who represented the Parkville RA in Sunway Damansara.