Ramly Ali J:

[1] This grounds of JUDGMENT are in respect of the liquidators' application (Vide encl 49) dated 10 August 2004 for the following orders:

(a) that the liquidators' remuneration from 1 May 202 to 15 August 2003 be fixed on time cost basis in the amount of RM441,416.03;

(b) that the liquidators' remuneration from 16 August 203 to 31 May 2004 be fixed on time cost basis in the amount of RM110,284.12;

(c) that all costs and expenses incurred by the liquidators from 1 May 202 to 31 May 2004 be approved;

(d) that the retention by the liquidators of the sum of RM139,838.82 out of the assets of the respondent towards payment of their remuneration be approved;

(e) that the costs of this application on solicitor-client basis be paid out of the assets of the respondent; and

(f) further or other relief as this court thinks fair and expedient.

Chronology Of Events

[2] The respondent was wound up on 7 February 2001. The winding up order appointed the official receiver as the provisional liquidator.

[3] On 10 March 2001, the respondent by its directors, applied by a summons in chambers for an order to stay execution of winding up pending:

(a) the outcome of Civil Suit No: S7-22-667-2000