What is the prics psf for Ara mamansara now?

Dear all,

Below is the latest informations pertaining to PD court hearing.


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Dear Purchasers,

In today's Court Hearing

1. The Court proceeded on the basis that they are granting leave to the Applicants (Legenda Education Group and Francis Pereira) on 2 questions (pertaining to the interpretation of section 176 of the Companies Act on classes of creditors and undue preference in a section 176 Scheme).

2. Counsel for the Applicants addressed the Court on issues pertaining to the above-mentioned questions. Counsels for the Respondents similarly addressed the Court, stating why leave ought to not be granted.

3. The Court nevertheless maintained their position in (1) and allowed the application for leave to appeal.

4. Counsel for the Applicants applied for stay of execution of the Court of Appeal Order pending the Appeal to the Federal Court.

5. The Court granted the stay and directed for an early hearing date for the Appeal. All the above briefly means that we have to wait for the next hearing (in the Federal Court) at a date to be fixed (in 2013).

I will keep you advised.

Noel


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Regards
CK

This post has been edited by call2ck@yahoo.com: Nov 22 2012, 12:31 AM