Towel and Linen (Pty) Ltd (C529/2017)
Date submitted: 21.05.2018
Comments made by the trustee/liquidator
Welcome to Summit Trust.
Kindly be advised that Jochen Eckhoff and Cheryl Anne Jones will be attending to the liquidation of Towel and Linen (Pty) Ltd (In Provisional Liquidation) “Towel and Linen”. 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 Towel and Linen was Provisionally Liquidated on 1 August 2017. Furthermore, The Master of the High Court, Cape Town, appointed Jochen Eckhoff (Summit Trust) and Cheryl Anne Jones as Provisional Liquidators of Towel and Linen on 11 August 2017. If the order is made final on 19 September 2017 further instructions will follow from the liquidators.
Please be advised that it is our duty as Provisional Liquidators to secure the assets of Towel and Linen and not to comment on the company’s affairs.
Kindly be advised that the return date, the date the provisional order is made final, was postponed to 12 October 2017.
The provisional order of liquidation was made final on 12 October 2017. The Master of the High Court will now convene by notice in the Gazette, a first meeting of the creditors of the estate for the proof of their claims against the estate. The Master shall publish such notice on a date not less than ten days before the date upon which the meeting is to be held and shall in such notice state the time and place at which the meeting is to be held.
Please click on the link below to view the auction, at which the company’s assets were sold, on 31 October 2017. Auction Video: https://www.youtube.com/watch?v=79hOMYymgg0
The first meeting of creditors was successfully held and closed at the Magistrate’s court, Stellenbosch, on 25 April 2017 at 09:00. No claims were proven at the meeting due to a danger of contribution. 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, members and contributories report. The time, date and place of the second meeting of creditors and the creditors, members and contributories report will be made available on this website.
The second meeting of creditors will take place at the Magistrate’s court, Stellenbosch, on 23 May 2018 at 10:00.
The second meeting of creditors was successfully held and closed. The liquidators will now proceed in accordance with the section 402 report and creditors directions. The first liquidation and distribution account will be submitted by 11 November 2018.
Notice of Motion and founding affidavit
Provisional order of liquidation
Provisional certificate of appointment
Final order of liquidation
The minutes of the first meeting of creditors
Final certificate of appointment
The minutes of the second meeting of creditors