7 Jul 2025
CIMB BANK BERHAD SONATA CREST SDN BHD PENCELAH MEGAFEST SDN. BHD. (DALAM LIKUIDASI)
- Citation
- JA-24FC-337-03/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-24FC-337-03/2024 (Mahkamah Tinggi)
Leave to intervene and the application to suspend execution were refused because the order for sale had been made and perfected (court functus officio), PYD failed to show a direct legal interest in the property or any live issue in these proceedings affecting PYD, statutory registration of title and charge under the Torrens system (s.89 and s.340 NLC) protected Plaintiff's registered charge, the caveats relied on by PYD were withdrawn or lapsed and thus ineffective, and PYD did not establish the special circumstances necessary to justify a stay of execution pending appeal.