Gatco settlers sue Thamarai and liquidator

They claim the sale of the 4,700-acre land in 2004 was illegal.
PETALING JAYA: Settlers on an expanse of land in Negeri Sembilan are seeking a court declaration that the current claimant to the property, Thamarai Holdings Sdn Bhd, and liquidator K Jayapalasingam are, like them, mere trustees of it.
Jayapalasingam represents Great Alonioners Trading Corporation Bhd (Gatco) and the settlers are commonly referred to as Gatco settlers.
The issue has been raging since 1977, when 400 former plantation workers paid deposits for their plots on the 4,700 acres then owned by Gatco, which subsequently went bankrupt.
The 140 settlers in the suit are also seeking a declaration that Gatco’s sale of the land sale to Thamarai for RM16 million in 2004 is null and void.
Lawyer R Kengadharan, who filed a writ on their behalf at the Kuala Lumpur High Court last Wednesday. John Cantious who is one of the plaintiff said the sale was illegal because Gatco was a dormant company without financial resources.
The settlers are also seeking a permanent injunction from that would restrain both defendants from dealing with the land and an order for the Registrar of Titles to place a caveat on the land.
They are also seeking monetary compensation for breach of trust and 2% interest in the event of default on payments and other forms of relief.
The suit alleges that Thamarai and Gatco, as their trustees, had failed to protect the settlers’ rights and interests.
The Gatco settlement, currently known as Kampung Serampang Indah, is about 25 km from Bahau.
The suit is now fixed for case management on Jan 14.
In 1977, the Negeri Sembilan Economic Development Corporation leased the land in question to the National Union of Plantation Workers (NUPW) for a period of 66 years. In the same year, NUPW incorporated Gatco as a vehicle to undertake the planting of sugar on the land, but it decided later to plant rubber instead.
Gatco was wound up in 1996, having failed to settle debts amounting to RM135,000.
Gatco offered to sell the land in 2004 for RM16 million. A total of 214 settlers took up the offer, but Gatco rejected it and sold the land to Thamarai instead.
Those settlers filed a suit against Gatco, but their originating summons was dismissed. None of the 214 is involved in the current case.

1 comment:

Generasi Terhebat Terengganu Bangkit Runtuhkan UMNO said...

UMNO dan BN sudah memerintah Terengganu hampir 50 tahun..... Tapi Kenapa Pemuda UMNO, Puteri UMNO, Wanita UMNO dan Pemimpin2 UMNO Terengganu tetap memilih jadi bodoh?

2013 - Tahun Paling Malang Rakyat Terengganu........ Lihat sendiri bukti kalau tak percaya...

~ BUKTI 1 ~

~ BUKTI 2 ~

~ BUKTI 3 ~

~ BUKTI 4 ~

Saya mohon sangat2 agar semua anak2 muda mengundi PR pada PRU ke-13. Mesti undi PAS, PKR dan DAP. Kita mesti ambil serius soal ekonomi dan perpaduan kaum. BN telah meninggalkan banyak hutang di setiap negeri. Ini akan membebankan kita.. Percayalah. Lihat sendiri selangor, bila PR memerintah kurang 5 tahun, hutang berkurang. Bandingkan dengan Terengganu yang diperintah BN sejak 50 tahun dulu... Kat mana hebatnya Pemimpin UMNO yang menafikan kewibawaan Pemimpin Pakatan Rakyat? Mereka pun tahu tapi tetap mahu menafikannya.. sememangnya betul.. ( Buktikan kalau saya bercakap bohong)

Terang2 tak wujud perpaduan dalam BN. MCA dan MIC terang2 menolak BN.

Pastikan anda memberitahu rakan2, emak ayah dan saudara yang kurang tahu soal ekonomi dan perpaduan kaum.... Walaupun terpaksa berada dlm kem BN dan UMNO, pastikan undi anda tetap kpd PR....

~ (( Budaya Samseng )) - Ahli2 Mahu Lari Dari UMNO ~

Biarkan UMNO bersendirian... Mereka tidak mahu bersatu, kita boleh bersatu sesama kita... Mereka pentingkan perpecahan... Biarkan mereka... Mereka lebih mengutamakan keganasan untuk mengekalkan kuasa... Biarkan mereka..... Mereka hanya mahu jadi samseng... Biarkan mereka samseng selamanya....

Biarkan pemimpin2 UMNO memperbodohkan ahli2 mereka selamanya...

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