25 Jul 2024
Tenaga Pulai Sdn Bhd 1. ) Sunway Monterez Sdn Bhd 2. ) Sunway PKNS Sdn Bhd
- Citation
- BA-22NCC-102-08/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCC-102-08/2023 (Mahkamah Tinggi)
Plaintiff's claim dismissed because the JV Agreement prescribed that GDV for incomplete/unsold units be determined by registered valuers and averaged; Defendants appointed a registered valuer (IPC) whose comparable market valuation for the 117 LMCA and 117 MCA was conclusive and binding under clauses 10.7/14, Defendants paid the Entitlement accordingly, Selangorku circulars were not applicable retroactively, and Plaintiff failed to prove any additional entitlement on the balance of probabilities.