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:-)

As per the notice in the newspaper, the notice was granted by KL High Court and not lower court. This is why I personally do not think there is any ill intention to defame the developer. Before the plaintiff can publish such notice, I guess he must have been giving the developer ample time and notices to demand for payment etc. as per the winding up law procedure in Malaysia. The only thing I am consoling myself here is that our property is developed by different legal entity. Having said that these two entities (Polyritz Development & Polyritz Communities) are having common directors and common shareholders. Pray hard that the common directors are not the loan guarantors since it will be somehow related if they are the guarantors. Or they can ammicably settle it between the two parties without any complications and impact on us.

Perhaps anyone who knows more can enlighten us here.

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.

Fair enough. I'll create a WhatsApp group. Please PM me Name and Phone Number.

Fair enough. I'll create a WhatsApp group. Please PM me Name and Phone Number.

HI Good days, I heard the agent said got the block C in Ritz community. The location in front of the Block A so how many units in block A AND block C will block the sunlight and wind of the block A ?

Thank you

Please add me in the watsapp group I have just place booking - 0169106688 thankiuu

Hi all sifu, I'm looking to get my 1st property here.. any pros and cons on this project? SA told me now still have est 60 units (from reject loan).  No more showroom to show me. So what else i should consider before i put on my deposit?

Fair enough. I'll create a WhatsApp group. Please PM me Name and Phone Number.

Fair enough. I'll create a WhatsApp group. Please PM me Name and Phone Number.

I called the developer and they said it is a 'misunderstanding' with the other party and his lawyer, and Poly Ritz will take legal action against the lawyer for defamation. They will also issue an official statement along with newspaper article next month to clarify on this issue.

Fair enough. I'll create a WhatsApp group. Please PM me Name and Phone Number.