The objectors to the enbloc sale filed for an appeal before the date line ends. They felt the order by the STB was wrongly given. The facts this time round are no different from that submitted earlier. However, the fees may be more hefty this level.
7 comments:
Anonymous
said...
yes, this long-drawn affair will be costly, both to the objectors and the majority.
however, the objectors will most likely be the losers financially, whether they win or lose their court battle.
it's not too late for them to change their mind and withdraw.
Courageous is not the adjective i would use - persistent and stubborn perhaps. This long drawn affair has cost everybody plenty, and yes, even the new chairman has moved out. Sometimes i wonder who is bullying whom - the majority forcing the minority to agree, or the minority holding the majority at ransom - despite having the "legal" rights, the stb's approval - and in the case of the 90% or 80% rule, high court agreement as seen from Gilman's case.
Foothardy is the word. Someone said that to fight a war, one needs to be fully equipped with ammunition. The 11 objectors have to pay some $5k each for the Strata Board appeal. They may have to pay $200km for the high court appeal for a start. That means $17k each and more may be needed. Sometime ago, some litigants spent about $6 million to get a country club to redress their grievances. Costly indeed!.
Most of life's misery are self-inflicted. It is pitiful that the 13 objectors will be losing quite a bit of money by trying to topple the en bloc sale. It is particularly lavish at this time when everyone is talking about cutting cost in view of the economic downturn and recession. It would be wise for them to pull their horses now before it reaches a point of no return and fall off the cliff on 28.10.08.
A new problem has cropped up. The present management committee is suing a few households for $100k for owed management and other fees. That would mean a delay in the completion date. For each day delayed, the buyer wants each household to us $160+.
We must impress upon Mr Ken Pereira, Mr Bernard Tee and other members of the Minton Rise MC that they would be causing us unnecessary delays and money.
Just imagine. $163 a day. $1,630 for 10 days and $163,000 for 100 days.
So whether you are pro or against the en bloc, if you dont want to lose your trouers/pants, go knock on the doors of the MC members and tell them to wake up and stop the case.
7 comments:
yes, this long-drawn affair will be costly, both to the objectors and the majority.
however, the objectors will most likely be the losers financially, whether they win or lose their court battle.
it's not too late for them to change their mind and withdraw.
Courageous is not the adjective i would use - persistent and stubborn perhaps. This long drawn affair has cost everybody plenty, and yes, even the new chairman has moved out. Sometimes i wonder who is bullying whom - the majority forcing the minority to agree, or the minority holding the majority at ransom - despite having the "legal" rights, the stb's approval - and in the case of the 90% or 80% rule, high court agreement as seen from Gilman's case.
Foothardy is the word. Someone said that to fight a war, one needs to be fully equipped with ammunition. The 11 objectors have to pay some $5k each for the Strata Board appeal. They may have to pay $200km for the high court appeal for a start. That means
$17k each and more may be needed. Sometime ago, some litigants spent about $6 million to get a country club to redress their grievances. Costly indeed!.
Most of life's misery are self-inflicted. It is pitiful that the 13 objectors will be losing quite a bit of money by trying to topple the en bloc sale. It is particularly lavish at this time when everyone is talking about cutting cost in view of the economic downturn and recession. It would be wise for them to pull their horses now before it reaches a point of no return and fall off the cliff on 28.10.08.
urgent! important! act!
A new problem has cropped up. The present management committee is suing a few households for $100k for owed management and other fees.
That would mean a delay in the completion date. For each day delayed, the buyer wants each household to us $160+.
We must impress upon Mr Ken Pereira, Mr Bernard Tee and other members of the Minton Rise MC that they would be causing us unnecessary delays and money.
Just imagine. $163 a day. $1,630 for 10 days and $163,000 for 100 days.
So whether you are pro or against the en bloc, if you dont want to lose your trouers/pants, go knock on the doors of the MC members and tell them to wake up and stop the case.
heard MC lawyers Tan Chin Hoe & Partners told en bloc lawyers they wont be pressing charges against those owing money to the estate.
it's all over.
en bloc sale completed.
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