Source : Channel NewsAsia, 03 October 2007
The hearing for the Horizon Towers case has ended, but the verdict remains to be seen.
The lawsuit was filed after the Strata Titles Board rejected the en bloc sale because the sellers had made a technical error in the application forms.
Buyers Hotel Properties Limited (HPL) then took the owners to court, alleging they were backing out of the S$500 million deal, which the owners denied.
Senior Counsel Chelva Rajah, who represents the majority owners, was the last to make his submissions.
He maintained his argument that the Strata Titles Board was wrong to reject the sale application over missing pages containing signatures of three consenting sellers.
He said the board knew of the error and had the power to allow amendments, but did not.
The case has been adjourned to a date to be fixed. - CNA /ls
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