By Eric Haurupma – EM TV News, Port Moresby
The Waigani Supreme Court bench has rejected to stay the orders filed against Money Talks Limited by the Morobe Provincial Physical Planning Board over land development at the Lae’s Independence Park.
The court rejected the application on legal grounds that Money Talks Limited has followed due processes in acquiring the land title.
In another court ruling yesterday, the Waigani Supreme Court Bench has reaffirmed a previous court decision by rejecting the stay application filed against Money Talks Limited over Lae’s Independence Park.
The court held that Money Talks Limited has followed legal processes in acquiring the land titles, previously a public recreational situated at section 2 allotment 67, in the hub of Lae’s industrial area.
Money Talks Limited, a nationally owned company obtained land title on this portion of land from the Land’s Department after developing it for over twenty years.
Money Talks Limited Managing Director Mathew Minape said on 16th of October 2014, the company has received Stop Work and Demolition notices from the first and second respondents, Morobe Provincial Physical Planning Board and Morobe Provincial Government.
On 8th of April 2015, the matter was brought before the Supreme Court and orders were granted thus, allowing Money Talks Limited to proceed with its development.
In a similar note yesterday, the Supreme Court 3 men bench has rejected the restraining orders filed by the respondents and affirmed the orders granted in the previous court ruling.
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