4 Nov 2019
PUBLIC BANK BERHAD (COMPANY NO: 6463-H) 1.LH BINTANG DEVELOPMENT SDN. BHD. (COMPANY NO: 56720-T) 2. CITRA TANI SDN BHD (COMPANY NO: 189592-X)
- Citation
- JA-38-1251-10/2018 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-38-1251-10/2018 (Mahkamah Tinggi)
The register endorsements showing the 'Lot untuk Bumiputera' restriction are conclusive under s89 NLC and, absent compliance with s124(7) to effect an amendment on the register, a 1998 letter does not remove that restriction; therefore the SAR correctly accepted the plaintiff's valuation based on the restriction and fixed the reserve price at MYR195,000 per lot. The appeal against the reserve price is dismissed.