Tropika Istimewa, a subsidiary of Mah Sing Group Bhd managed to reverse the Johor Bahru High Court’s decision that ordered the developer to pay liquidated ascertained damages to the purchasers, TEM said. The Court of Appeal also dismissed the purchasers’ cross-appeal over the quantum awarded to them by the High Court.
On May 22, The Edge Malaysia reported the Malaysian Court of Appeal ruled that a private lease scheme involving the Special Economic Zone (SEZ) — as sanctioned by the local authority at Iskandar Malaysia in Johor — is valid.
On April 29, the appellate court ruled in favour of defendant Tropika Istimewa Development Sdn Bhd. Tropika Istimewa Development is the developer of The Meridin @ Medini project in Medini Iskandar. The plaintiffs in the case are 107 buyers of The Meridin @ Medini. They had taken legal action against the developer and the Johor Bahru High Court had ruled in favour of the plaintiffs.
