Star Media Group Bhd has scored another victory in its legal battle against property development firm JAKS Island Circle Sdn Bhd .
High Court judge Justice Lee Swee Seng on Wednesday ordered JIC to pay interest totalling RM1,515,068.49 to SMG plus RM10,000 in costs.On Jan 7, the Federal Court had in a unanimous decision shut down the developer’s final avenue of appeal when it dismissed its application for leave to appeal against previous court orders which were in favour of the media group.
The Federal Court panel then was a strong one presided by Chief Judge of Malaya Justice Zaharah Ibrahim, with the other two other judges being Chief Judge of Sabah and Sarawak Justice David Wong and Federal Court judge Justice Alizatul Khair Osman Khairuddin. On Feb 20 last year, SMG informed Bursa Malaysia that the deadline for delivery of ownership of Tower A in Section 13 in line with a sale and purchase agreement dated Aug 19, 2011, made with JIC had expired on Feb 15, 2018.However, JIC launched a series of appeals and applications for an injunction to stop the release of the money.
Source: Law Daily Report (lawdailyreport.net)
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