6 Oct 2023
SUNWAY HOLDINGS SDN BHD GERAK HARAPAN SDN BHD
- Citation
- BA-22NCvC-286-06/2018 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCvC-286-06/2018 (Mahkamah Tinggi)
On the balance of probabilities the MMKN and Land Office decision to permanently halt extraction at the Cheras Quarry Land was final (effective 1.3.2017); Clause 37 and the Option Agreements survived the SPQ Restructure Agreement (Clause 37 expressly preserved exercisability notwithstanding cessation of shareholding and Option clause 3.2 preserved rights); 'Cessation Date' is to be given a business‑common‑sense meaning as the date when extraction is permanently halted by law or regulatory decision such that the grantor can no longer extract rock reserves; plaintiff validly exercised the optio…