Estate of Lim Tuan & Others v Lim San Peen & Others

The appellants, contributories of Semantan Estate (1952) Sdn Bhd, appealed against the High Court's decision allowing the respondents (joint liquidators) to claim remuneration based on a mixture of fixed fees and percentage of assets realized. The Court of Appeal found that the High Court erred in allowing the application under sections 237(3) and 274 of the Companies Act 1965, as these sections do not cover remuneration issues in voluntary winding up. The appeal was allowed, and the High Court's order was set aside.