RM 290 million land acquisition judgement obtained in High Court for PNSB Acmar
KUALA LUMPUR – Goik Ramesh & Loo acting for PNSB Acmar Sdn Bhd won the Kuala Lumpur High Court judicial review of Selangor State Authority land acquisition matter and awarded RM 290 million judgement.
PNSB Acmar is the proprietor for a piece of land in Mukim Kapar, Daerah Klang, Selangor, where a part of the land, measuring 0.84 hectares, was acquired by Selangor State Authority for the Federal Government pursuant to Section 3(1)(a) of the Land Acquisition Act 1960 for public purposes. The land was to be used to construct “Projek Transit Aliran Ringan Laluan 23 (LRT 3) Bandar Utama ke Johan Setia, Jajaran Daerah Klang, Selangor”.
The High Court awarded total compensation of approximately RM 290 million and interest of RM 13 million for PNSB Acmar and Malaysian Building Society Berhad after hearing the legal arguments and submission from our lawyers.
The High Court also declared that the actions and decisions of the Selangor Director of Lands and Mines, and/or the Klang District Land Administrator, on 7 September 2018 and the Selangor State Government Gazette (No. 3920), dated 11 October 2018, which had been issued to cancel and/or withdraw from the acquisition of the scheduled land, is therefore cancelled and invalid.
“We are honoured to represent and work with our clients in this significant transaction in the land acquisition matter. We are fortunate to have been able to apply our real estate expertise, land acquisition knowledge and litigation capabilities to help our client’s real estate businesses” said Kenzu Goik.
Goik Ramesh & Loo acted as the lead counsel for PNSB Acmar in this matter, where the team was led by partner Goik Kenzu, supported by senior associate Yohini Nair a/p Baskaran and associate Christie Ling Chui Lin.
The firm’s deep experience, legal and technical expertise in land acquisition and land matters has successfully assisted many individuals, private and public companies in their litigation claims against the State for compulsorily acquiring their properties.