Moodliar and Others v Recycling and Economic Initiative of South Africa NPC (977/2019) [2020] ZASCA 101 (15 September 2020)

Companies Act 61 of 1973 – winding-up – appropriation or retention of
company funds by liquidators to pay or secure their proposed fees – Act and the Regulations do not permit the liquidators to retain any company assets upon discharge of the provisional liquidation order – assets must be restored- liquidators not permitted to draw their remuneration until the estate account has been taxed and confirmed.