ASPEN VISION DEVELOPMENT (CENTRAL) SDN BHD v TIALOC MALAYSIA SDN BHD

pa-24ncvc-1023-08-2025 High Court (Mahkamah Tinggi) 5 March 2026 • PA-24NCvC-1023-08/2025

Catchwords

1. This case concerns the proper construction and enforcement of a Settlement Agreement entered into between the parties, and the legal consequences flowing from the expiry of a contractual mechanism governing the possible sale of land known as the Kajang Land. 2. At its core, the dispute turns on two closely connected questions: first, whether the Defendant is entitled to continue maintaining a private caveat over the Kajang Land; and second, whether the Defendant may refuse to execute a Redeemable Preference Shares Subscription Agreement (“RPS Subscription Agreement”), which the Plaintiff contends is required under the Settlement Agreement following the expiry of the contractual long stop date. 3. The Plaintiff seeks, inter alia, the removal of the private caveat and specific performance compelling the Defendant to execute the RPS Subscription Agreement.

Judges (1)

Choong Yeow Choy Delivered

Parties (2)

ASPEN VISION DEVELOPMENT Sdn Bhd Applicant TIALOC MALAYSIA Sdn Bhd Respondent

Judgment

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Source: eJudgment (pa-24ncvc-1023-08-2025)