1. ) SAM NUR ARIF BIN SAM ABD MUTALIB 2. ) ABDUL NAIM BIN ROSLI 3. ) MUHAMMAD FIRDAUS GANESH VAIYAPURI 4. ) MOHAMMED FAUZI BIN MAT DIN 5. ) FLORANTE V. GARCIA 6. ) CAPT. WAI HTOO 7. ) ROHIM SUHERMAN 8. ) TUN TUN NAING 9. ) CAPT. BONEFASIUS KUDUS WATUN 10. ) ZULKIPLY BIN ADI v PROPETCO SDN BHD

ma-28pw-119-09-2025 High Court (Mahkamah Tinggi) 29 March 2026 • MA-28PW-119-09/2025

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 (11)

PROPETCO Sdn Bhd Respondent Abdul Naim bin Rosli Applicant Capt. Bonefasius Kudus Watun Applicant Capt. Wai Htoo Applicant Florante V. Garcia Applicant Mohammed Fauzi bin Mat Din Applicant Muhammad Firdaus Ganesh Vaiyapuri Applicant Rohim Suherman Applicant Sam Nur Arif bin Sam Abd Mutalib Applicant Tun Tun Naing Applicant Zulkiply bin Adi Applicant

Judgment

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Source: eJudgment (ma-28pw-119-09-2025)