Key Points: - Company Shigen Polycolor Sdn Bhd was wound up on 19 July 2022 with Khor Yong Yong appointed as Liquidator; order set aside on 24 March 2023 after eight months (!) (!) (!) (!) (!) . - Liquidator entitled to remuneration under s 479(2) Companies Act 2016, determined by Court where no agreement or creditors' resolution exists (!) (!) (!) (!) (!) . - S 527(1) prioritizes costs and expenses of winding up, including liquidator's remuneration, over other unsecured debts (!) (!) . - Liquidator performed duties including seeking documents, engaging solicitors, site visits, and dealing with parties despite challenges (!) (!) (!) (!) . - Court approves RM54,873.51 as fair and reasonable remuneration (RM53,280 fees + RM1,593.51 expenses) based on time-cost records (!) (!) . - Liquidator entitled to appoint solicitors under Twelfth Schedule Part I(k); their RM10,000 fees and disbursements approved as expenses (!) (!) (!) (!) (!) (!) . - Liquidator must diligently perform duties despite challenge to winding up order; entitled to remuneration for work during appointment period even if later set aside (!) (!) (!) . - Disputes between shareholders (Tan and Chu) do not justify denying liquidator's remuneration (!) (!) (!) (!) . - Losing party in underlying winding up petition (Petition 42) ordered to pay Liquidator RM54,873.51, solicitors RM10,000, and costs (!) (!) (!) .

What is the entitlement of a liquidator to remuneration under s 479(2) of the Companies Act 2016?

Should a liquidator be remunerated for work performed if the winding up order is subsequently set aside?

Who should pay the liquidator's remuneration and expenses in a shareholder dispute?