Question
Zotee Sdn Bhd is incorporated on 1st August 1995. The Board of Directors is made up of Zo, Ah Tee and Zotee. Zotee Sdn Bhd
Zotee Sdn Bhd is incorporated on 1st August 1995. The Board of Directors is made up of Zo, Ah Tee and Zotee. Zotee Sdn Bhd created a fixed charge over a piece of land it owns in favour of Bank DEF on 17th March 2001. Two years prior to the fixed charge, the company created a floating charge on all the assets of the company in favour of Bank GHI. Since the company was not doing well, it issued a debenture of RM10, 000 to Zuzu. It still did not avail the company of its financial problem. Finally, the company had to be wound up which was on 1st August 2016. Zo has not been paid of his director's fees of RM12330 for the last one month. Xixi who is an accounts clerk of the company has not been paid salary for the last three months which amounted to RM2800. Ah Tee who is also a shareholder has not been paid his dividends for the year 2016. The liquidator of the company seeks your advice as regards to the claims made by the above persons.
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