Jade san Realty Sdn Bhd
- Role: Liquidator
- Appointment of new liquidator: The Court of Appeal allowed an application by 227 purchasers to appoint Mr. Wong Ching Yong as liquidator in place of the former liquidators for the Company. This likely involved legal proceedings and the selection of a new liquidator to manage the company's affairs.
- Court Convened Meeting for approval: The scheme required approval from 2,500 house purchasers in a Court Convened Meeting for the NCT Group to revive 2,500 units of partially completed homes and acquire the remaining undeveloped land bank.
- Structuring Schemes of Arrangements: Successfully structured two Schemes of Arrangements for Phases 2A & 2B and Phases 2 & 3 respectively under Section 366 of the Companies Act 2016. These schemes allowed purchasers to exit their investments in their plots, which had been acquired by the NCT Group. This involved negotiating with relevant parties and obtaining approval for the schemes.
- Resolving legal action: Ongoing legal action initiated by a group of Phase 1 purchasers has kept Phase 1 at a status quo. However, there is optimism that Phase 1 will be resolved, indicating efforts to address legal challenges and bring closure to this phase of the project.