The Surprise at STB hearing

It was a big surprise for everyone, when one of CSPs of Horizon Tower represented by her lawyer objected the validity of Collective Sales Agreement and the authority of newly elected Sales committee to expend the four months under Option of Purchase agreement with HPPL. Neither majority nor minority had expected such a surprise. After about half hour argument whether STBjurisdiction to decide such things, the chairman of STB board asked the lawyer to submit the written application by this Friday, and the counsel for majority owner CSPs shall give the reply on next Monday. At meantime, he didn't allow him to be a party.

That shows the long suffered Horizon Tower owners will have a hard way ahead.

Now, the main objections that minority owners will be regarding the "bad faith" of the sales agreement and whole procedure. The fate of this troubled dealing is still not clear.