Cases
JUDGMENT
Raja Rozela Raja Toran JC:
Introduction
(1) This is the Applicant's application in encl 1 seeking declarations and restitution under ss 274, 236, 277, 305 and 306 of the Companies Act 1965 ("CA 1965"), and/or ss 461, 486, 510, 541 and 542 of the Companies Act 2016 ("CA 2016"), against the Respondents, the former joint and several liquidators of SAP Holdings Berhad ("SAP").
[2] The complaint concerns 77 withdrawals totalling RM6,257,263.79 made by the Respondents between December 2015 and June 2019, recorded as "Liquidators' fee including 6% GST" or "Liquidators' fee", and paid to Ler Lum Advisory Services Sdn Bhd ("LLASSB"), a related company in which both Respondents were directors and shareholders.