C&A Trading CC (C621/2017)
Date submitted: 18.09.2017
Comments made by the trustee/liquidator
Welcome to Summit Trust.
Kindly be advised that Jochen Eckhoff and Brian Lulamile Mbolekwa will attend to the liquidation of C & A Trading CC (In Provisional Liquidation) “C&A”. Furthermore, all communications regarding this estate (progress reports, creditor reports, meeting of creditors) will be done via this online estate profile. You will receive notifications, via email, when we update the estate.
Kindly be advised that C&A was provisionally liquidated on 8 September 2017. Furthermore, The Master of the High Court, Cape Town, appointed Jochen Eckhoff (Summit Trust) and Brian Lulamile Mbolekwa to be the liquidators of the company.
Please be advised that when a company is in provisional liquidation it is the duty of the liquidators to, inter alia, take charge of the company’s assets and not to comment on its affairs. The liquidators will submit a formal creditors report in terms of section 79 of the Close Corporations Act at the second meeting of creditors. Further instructions and information will follow from the liquidators if the order is made final on 20 October 2017.
The provisional order of liquidation was made final 20 October 2017. The Liquidators will, within a month, convene by notice in the Gazette, a first meeting of the creditors and members of the corporation for, inter alia, the proof of their claims against the corporation. The Liquidators shall publish such notice on a date not less than ten days before the date upon which the meetings is to be held and shall in such notice state the time and place at which the meeting is to be held.
The first creditors meeting was successfully held and closed on 21 November 2017. The Liquidators shall now proceed to examine the claim(s) that was proven at the first meeting of creditors. The Liquidators shall, within three months, convene the second meeting of creditors. The purpose of the second meeting of creditors is to prove additional claims against the estate, adopt resolutions and to table a formal creditors report. The time, date and place of the second meeting of creditors and the formal creditors’ report will also be made available on this website.
The second meeting of creditors and members will be held before the Master of the High Court, Cape Town, on 30 January 2018 at 09h00.
The second meeting of creditors was successfully held and closed. The liquidators will now proceed in accordance with the section 79 report and creditors directions. The first liquidation and distribution account will be submitted by 14 September 2018.
Summit Trust herewith extends an invitation to all interested parties to contact us if you and/or your company is financially distressed. We can help you consider all your options which might include business rescue, compromise with creditors, voluntary liquidation or sequestration. Your consultation will be free and confidential. If you require our advice, please email firstname.lastname@example.org with a short summary of your financial situation.