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This post has been edited by pengwin: Jun 27 2019, 01:18 PM

Support support!

From today news paper...





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Hi all, as mentioned previously, please PM me to be added to the WhatsApp group. I do not monitor this thread. Thanks.

Thanks for posting this! Does it mean someone filed for bankruptcy towards PolyRitz?

Hi this project ada HTC nearby tak. And comes with any parking ?

What newspaper?

What happened?

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This post has been edited by pengwin: Jul 8 2019, 05:57 PM

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This post has been edited by pengwin: Jul 8 2019, 05:57 PM

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This post has been edited by pengwin: Jul 8 2019, 05:57 PM

It's quite obvious an malicious attempt of defamation.

There is a muslim cemetery which is just in front of Central Residence. I dunno if some units can c the cemetery view or not.

Actually don't you guys think so it is too early to conclude that it is an malicious attempt of defamation? So far it is only the denials from the developers in which it is expected for them to do so. I also noticed that Polyritz Development Sdn Bhd is the one being sued for bankruptcy and not Polyritz Communities Sdn Bhd. But having second thoughts, these two companies have common directors and shareholders. Whether we can deny the relationship...I still think somehow rather it will be related. Why do we need to defend for the developer or the plaintiff..we should be standing independantly and let the rule of law takes place.

hi dupe, thanks for info

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This post has been edited by pengwin: Jul 8 2019, 05:58 PM

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This post has been edited by pengwin: Jul 8 2019, 05:58 PM

As I know, the selling price of Central residence is dropping... I just dun like congested the traffic there and many condos which are side-by-side, shocked me when agents told me that...this is just my 2 cents la.

Anyway, it's still a good deal for buyers since it's a RUMAWIP with fixed price.

This post has been edited by alexisvoyage: Aug 7 2018, 02:57 PM

Thank you indeed for the explanation. I am equally worried here as a buyer. A few points to ponder here...how do we know Polyritz Development has bank loan for their operations? Perhaps we need to seek help, to do a CTOS search on the company. From there, we can know any loans or gearing for this company.

Another thing to take note is that it is a winding up notice and it is the procedure to do that by publishing in the major newspapers in Malaysia.

I personally do not think there is any element of allegation since approval is needed from the high court to grant such notice. Also the developer was surely given notices before the court granted the notice. They can always file an injunction to prevent this winding up notice to take place. Given that this notice was published in the newspaper, it means that the developer did not file in any injunction to prevent.

As I mentioned previously, let's see the rule of laws to take place as Polyritz can still defend themselves in the court on 25/10/2018 as per the notice.

do you know where to check the result after the court case on 25/10/2018?

Thanks for the good points here. The winding up ruling in the newspaper was by the high court right? Is that a normal first court level, or does it mean the case has been assessed by a lower level court first? Sorry, don't know much about law:-)

This post has been edited by SofaSoGood: Aug 7 2018, 10:53 PM