Gabby, Gloria, and Hailey are the shareholders of Modern Closets Sdn. Bhd. The authorized capital of the company is RM1 million. Gabby has agreed to contribute RM500,000, and the remaining balance is to be equally divided between Gloria and Hailey. Gabby and Hailey have only paid 60% of their shares, while Gloria has paid up all her shares. They have decided to buy a shophouse in Kota Kinabalu, which was initially belonged to Gloria. Unfortunately, upon completing the sale and purchase of the shophouse, the shophouse was destroyed in a fire. Gabby, Gloria, and Hailey have only realized that the unit's insurance was still in Glorias name. Meanwhile, the company is now unable to pay its creditors, and they are now demanding payment from Gabby, Gloria, and Hailey. Discuss the legal implication(s) in the above situation based on the Companies Act 2016 and decided cases.