PERMODALAN NEGERI SELANGOR BERHAD (NO. SYARIKAT : 206347-V) 1. UNIJAYA TEKNOLOGI SDN. BHD. (dahulunya dikenali sebagai Rafaz Sdn. Bhd.) (NO. SYARIKAT : 288829-H) 2. KT LEE REALTY DEVELOPMENT SDN. BHD. (NO. SYARIKAT : 1198216-P)

PERMODALAN NEGERI SELANGOR BERHAD (NO. SYARIKAT : 206347-V) 1. UNIJAYA TEKNOLOGI SDN. BHD. (dahulunya dikenali sebagai Rafaz Sdn. Bhd.) (NO. SYARIKAT : 288829-H) 2. KT LEE REALTY DEVELOPMENT SDN. BHD. (NO. SYARIKAT : 1198216-P)

The Joint Venture Agreement conferred only contractual/pecuniary rights (in personam) to the 2nd Defendant and did not create a registrable or equitable interest in the land within the meaning of s.323(1) NLC; therefore the 2nd Defendant lacked a caveatable interest and its application to extend/maintain the private...

Source-derived case information.

Citation
BA-22NCvC-308-07/2019 (Mahkamah Tinggi)
Parties
Plaintiff: Permodalan Negeri Selangor Berhad; 1st Defendant: Unijaya Teknologi Sdn. Bhd.; 2nd Defendant: KT Lee Realty Development Sdn. Bhd.
Court
High Court
Jurisdiction
Malaysia
Judgment Date
5 March 2020
Case Number
BA-22NCvC-308-07/2019 (Mahkamah Tinggi)
Procedural Posture
Civil Suit (land) / Interlocutory Application Under S.326 National Land Code to Extend/maintain Private Caveat
Outcome
Application dismissed
Legal Topics
Private Caveat, National Land Code S.323 S.326 S.327, Registrable Interest, Joint Venture Agreement, Removal of Caveat, Status Quo/interim Relief
Land Law Civil Procedure Property Law Private Caveat National Land Code S.323 S.326 S.327 Registrable Interest Joint Venture Agreement Removal of Caveat +1 more

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Parties

Permodalan Negeri Selangor Berhad

Plaintiff

Unijaya Teknologi Sdn. Bhd.

1st Defendant

KT Lee Realty Development Sdn. Bhd.

2nd Defendant

Procedural Posture

Civil Suit (land) / Interlocutory Application Under S.326 National Land Code to Extend/maintain Private Caveat

Legal Issues

  1. 1 Whether the 2nd Defendant had a caveatable/registrable interest under s.323(1) NLC
  2. 2 Whether the Joint Venture Agreement created an equitable or registrable interest in the land
  3. 3 Whether there existed serious questions to be tried and balance of convenience favouring maintenance of the caveat

Ratio Decidendi

The Joint Venture Agreement conferred only contractual/pecuniary rights (in personam) to the 2nd Defendant and did not create a registrable or equitable interest in the land within the meaning of s.323(1) NLC; therefore the 2nd Defendant lacked a caveatable interest and its application to extend/maintain the private caveat failed.

Court Disposition

Application dismissed

Orders

  • Dismissed the 2nd Defendant's application in Enclosure 13 to extend/maintain the private caveat.
  • Costs awarded to the Plaintiff.