18 Apr 2022
MULTI-USAGE PROPERTY SDN BHD 1. ) TEAM FOUR SDN BHD 2. ) GTM PROPERTY MANAGEMENT SDN BHD 3. ) OSK CAPITAL SDN BHD
- Citation
- PA-22NCvC-157-08/2017 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-22NCvC-157-08/2017 (Mahkamah Tinggi)
Clause 15 required a survey report produced after execution by the purchaser's surveyor for any price adjustment; no such survey report was commissioned by the plaintiff and certified plans from 2005 did not satisfy clause 15; the subdivision was never completed because mandatory steps and payments were not taken and the register retained Lot 822 as originally titled; the plaintiff breached the SPA by failing to pay the redemption sum and balance purchase price; defendant entitled to damages equal to the difference between agreed purchase price and auction proceeds (RM2,463,744.72) plus inter…