PETALING JAYA (March 29): The launch of the online property auction platform e-Lelong for court auctions which was initially scheduled for today, has been postponed.
As of last week, the Federal Court of Malaysia’s (www.kehakiman.gov.my) website has been carrying a memo regarding the official launch of the e-Lelong System pilot project to be held on March 29 (today).
However, the memo has been removed and TheEdgeProperty.com has confirmed with the Registrar of the High Court of Malaya’s office that the e-Lelong System launch has been postponed. Reasons for the postponement were unknown as at press time.
In an official circular to members of the Malaysian Bar, the office of the Registrar of the High Court of Malaya had issued a copy of the Arahan Amalan (or practising guidelines) relating to the introduction of the e-Lelong System, and the handling of foreclosure proceedings and public auction of immovable properties by electronic means (e-Lelong) at the High Court.
Dated March 14, 2017, the circular stated that the practising guidelines have been in effect since March 15. It also stated that the practising guidelines on public auctions dated April 29, 2014 are still applicable for states that carry out public auctions manually.