Developer withdraws application

NST 30/9/2004

Kuala Lumpur, Wed. - Housing Developer Fadason Holdings Sdn Bhd, which challenged the awards given by the Tribunal for Homebuyer Claims to 42 house buyers, withdrew its application for a judicial review in the High Court here today.

No reasons was given by its counsel, Sean Yeow, who informed judicial commissioner Wan Afrah Wan Ibrahim that his client wished to withdraw its application.

Fadason had sought a judicial review of an award granted on two issues by the tribunal in February.

The first was on the calculation of liquidated ascertained damages (LAD) claims by the house buyers for late delivery, which the tribunal worked out from the date the purchaser paid the deposit, and not from the date the sale and purchase agreement (SPA) was signed.

The second issued on on the locus standi of the claimants.