EMERALD UNITY SDN BHD v 1. ) RESIDENMAS DEVELOPMENT SDN BHD 2. ) MOHD NOOR BIN SIDEN

ma-24ncvc-81-03-2026 High Court (Mahkamah Tinggi) 25 March 2026 • MA-24NCvC-81-03/2026

Catchwords

Company law — Winding up — Liquidation — Post-winding up proceedings — Application for substitution of liquidator — Official Receiver (Pegawai Penerima Malaysia) — Private liquidator — Supervisory jurisdiction of court — Leave under s 471 Companies Act 2016 — Discretion of court — Interests of general body of creditors — Creditor objections — Whether objections determinative — Weight to be given to creditor views — Whether sufficient grounds established — Improvement in administration of liquidation — Specialised assets — Efficiency of realisation — Handover of assets and records — Transitional directions — Preservation of assets — Remuneration of outgoing liquidator — Entitlement to fees — Assessment under Companies (Winding-Up) Rules 1972 — No order as to costs — Application allowed.

Practice Areas

Judges (1)

Raja Segaran a/l S.krishnan Delivered

Parties (3)

EMERALD UNITY Sdn Bhd Applicant RESIDENMAS DEVELOPMENT Sdn Bhd Respondent Mohd Noor bin Siden Respondent

Judgment

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Source: eJudgment (ma-24ncvc-81-03-2026)