JUSTICE Kan Ting Chiu granted two orders on 21 Aug and 18 Sept 1996 for Mitre Hotel to be sold. Under the orders, the co-owners had to agree on the terms and conditions of the sale. Accordingly, the property was put up for sale on 16 Dec 1996. Property consultancy Jones Lang Wootton, who was appointed the agent, put up a signboard outside the property, inviting interested parties to tender for it. In the latest legal battle, Ms Chiam Ai Thong claimed in her affidavit, that Mr Chiam Heng Hsien had pasted a notice on the signboard urging interested buyers to contact him for details on 'hidden facts'. She also claimed that on 20 Dec 1996, Mr Chiam wrote to The Business Times, hoping to frustrate the sale. The co-owners who wanted to sell the property then decided to take legal action against Mr Chiam. On 7 Jan 1997, Judicial Commissioner Amarjeet Singh issued an injunction to stop Mr Chiam from trying to prevent the property from being sold. When the tender closed on 23 Jan 1997, three bids were received. One buyer offered $50,003,800 while two others offered $72,300,000 and $73,300,000 respectively. Ai Thong claimed that except for Mr Chiam, all the co-owners decided that one of the two higher bids was acceptable. DEMANDED $27M She also claimed that at a meeting on 27 Jan 1997, Mr Chiam demanded $29 million for him to vacate the premises. She said in her affidavit: 'All the other owners felt it was an unreasonable sum and that his demand was unjustified.' Except for Mr Chiam, the other co-owners wrote to the High Court registrar seeking an appointment before Justice Kan. The other co-owners wanted Justice Kan to issue an order for vacant possession of the property. But Justice Kan felt that the issue of vacant possession of the property was not within the scope of the 1996 orders. On 13 Feb 1997, Ai Thong and her father applied for an order to compel Mr Chiam to vacate the property. But Justice Kan rejected the application on 20 Sep 1997. The proposed sale fell through. |