Syed Amirul Azizie Bin Syed Marzuki v 1. ) Poly Electronic & Electrical (M) Sdn. Bhd. 2. ) PELIKUIDASI SM PELANGI SDN BHD (JABATAN INSOLVENSI MALAYSIA (CAWANGAN KUANTAN))

ca-28pw-4-05-2024 High Court (Mahkamah Tinggi) 10 March 2025 • CA-28PW-4-05/2024

Catchwords

Company law — Winding up — Post-winding-up proceedings — Application to set aside winding-up order — s. 493 Companies Act 2016 — Discretion of court Insolvency — Liquidator’s powers — Official Receiver — Control and realization of company assets — ss. 483, 486, 487 and Twelfth Schedule Companies Act 2016 Insolvency — Pari passu principle — Equality of unsecured creditors — Direct payment to single creditor — Whether unlawful preference — ss. 527(2), 528(1) Companies Act 2016 Practice and procedure — Functus officio — Directors’ lack of authority after winding-up order — Abuse of winding-up process Remedies — Restitution — Order for repayment to liquidator — Protection of general body of creditors Outcome – Application dismissed — Payment of RM138,560.01 made to first respondent declared improper — Sum ordered to be repaid to Official Receiver/liquidator.

Practice Areas

Company Law

Judges (1)

Mohd Radzi bin Harun Delivered

Parties (3)

PELIKUIDASI SM PELANGI Sdn Bhd (JABATAN INSOLVENSI MALAYSIA (CAWANGAN KUANTAN)) Respondent Poly Electronic & Electrical Sdn Bhd Respondent Syed Amirul Azizie bin Syed Marzuki Applicant

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (ca-28pw-4-05-2024)