30 May 2023
VITAL CENTURY HOLDING SDN BHD XXXX
- Citation
- BA-15-219-11/2016 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-15-219-11/2016 (Mahkamah Tinggi)
The court maintained the Land Administrator's market value award (RM636.00 per sqm; RM3,696,432.00) because the proprietor was bound by the amount claimed at the Land Administrator inquiry per Paragraph 4 First Schedule LAA and the assessors' adjusted comparables supported the award; consequential claims for termination of SPAs, termination of JVA, marketing fees, development costs and agents' fees were set aside for lack of probative evidence, inapplicability of contractual clauses relied upon (no proper written acquisition notice at SPA termination; force majeure/Government acquisition clau…