ZIKAY GROUP BERHAD 1. ) Majlis Amanah Rakyat (MARA) 2. ) Pentadbir Tanah Wilayah Persekutuan Kuala Lumpur

ZIKAY GROUP BERHAD 1. ) Majlis Amanah Rakyat (MARA) 2. ) Pentadbir Tanah Wilayah Persekutuan Kuala Lumpur

The plaintiff's rights under the joint venture and supplemental agreements were monetary/corporate profit rights and not a registrable interest in the land under s323 NLC; therefore the plaintiff had no caveatable interest and the court refused to extend the Form 19C expiry or maintain the caveat.

Citation
WA-24NCvC-391-02/2022 (Mahkamah Tinggi)
Parties
Plaintiff / Appellant: Zikay Group Berhad; First Respondent / Defendant: Majlis Amanah Rakyat (MARA); Second Respondent / Defendant: Pentadbir Tanah Wilayah Persekutuan Kuala Lumpur
Court
High Court
Jurisdiction
Malaysia
Judgment Date
3 November 2022
Case Number
WA-24NCvC-391-02/2022 (Mahkamah Tinggi)
Procedural Posture
Civil Application Under Section 326 National Land Code 1965 / High Court Judgment (27.01.2023)
Outcome
Plaintiff's claim dismissed
Legal Topics
Private Caveat, Section 323 NLC, Section 326 NLC, Joint Venture Agreement, Power of Attorney, Locus Standi, Balance of Convenience, Revocation of Power of Attorney
Source Language
Malay/English
Property Law Land Law Contract Law Civil Procedure Company Law Private Caveat Section 323 NLC Section 326 NLC +5 more

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Parties

Zikay Group Berhad

Plaintiff / Appellant

Majlis Amanah Rakyat (MARA)

First Respondent / Defendant

Pentadbir Tanah Wilayah Persekutuan Kuala Lumpur

Second Respondent / Defendant

Procedural Posture

Civil Application Under Section 326 National Land Code 1965 / High Court Judgment (27.01.2023)

Legal Issues

  1. 1 Whether the plaintiff has a caveatable (registrable) interest in the land under s323 NLC
  2. 2 Whether the expiry date in Form 19C dated 20.12.2021 should be extended beyond 06.03.2022 under s326 NLC
  3. 3 Whether the joint venture and supplemental agreements confer an interest in land capable of registration or only a personal/monetary right

Ratio Decidendi

The plaintiff's rights under the joint venture and supplemental agreements were monetary/corporate profit rights and not a registrable interest in the land under s323 NLC; therefore the plaintiff had no caveatable interest and the court refused to extend the Form 19C expiry or maintain the caveat.

Court Disposition

Plaintiff's claim dismissed

Orders

  • Plaintiff's claim dismissed
  • Costs awarded to First Respondent RM4,000.00