KUALA LUMPUR, Oct 12 — Semantan Estate (1952) Sdn Bhd has initiated new legal proceedings against the federal government, seeking a court order to compel the sale of the 263.272-acre Duta Enclave in Kuala Lumpur and distribute the proceeds, or award compensation based on its current market value, estimated between RM12 billion and RM13 billion.
The company, which is in members’ voluntary liquidation and represented by liquidator Jim Lai, maintains that it remains the lawful beneficial owner of the prime land, despite earlier appellate rulings that barred it from regaining physical possession or securing a re-transfer of the registered land title.
In its statement of claim filed in the High Court through law firm AG Kalidas Doris & Nada, Semantan Estate asserted that the government continues to occupy and commercially benefit from the prime parcel, notwithstanding a definitive 2009 court judgment declaring that the original colonial-era acquisition was void from the outset, FMT reported.
