Dear Creditors

Welcome to Summit Trust.

Kindly be advised that Jochen Eckhoff and Gladys N Ngobeni will be attending to the liquidation of Bullion Hunting Enterprises (Pty) Ltd (In Liquidation) ” Bullion”. Furthermore, all communications regarding this estate (progress reports, creditor reports, meeting of creditors etc) will be done via this online estate profile, the Government Gazette and one or more newspapers circulating in the district in which the company was registered or had its main place of business.

Kindly be advised that Bullion was liquidated on 6 November 2019.  Furthermore, The Master of the High Court appointed Jochen Eckhoff (Summit Trust) and Gladys N Ngobeni as Provisional Liquidators of Bullion on 22 November 2019. It is the duty of the Provisional Liquidators to take control of the company’s assets and not to report on the company’s affairs. The Liquidators will submit a formal creditors report at the second meeting of creditors.

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.

Kindly download the claim form which you will see on the right of your screen. The claim must be completed, signed, commissioned and supported with documents proving your claim. If the claim is in your personal capacity then you must complete the power of attorney for a representative, who will prove your claim at the creditors meeting, but if Bullion owes a company money which you represent then both the company resolutions and the power of attorney, attached to the claim, must be completed. If goods were sold and delivered to Bullion on an open account then a statement must be submitted in support of the claim showing the monthly total and a brief description of the purchase and payments for the full period of trading or for the period of 12 months immediately before the date of liquidation.

The claim must be emailed to our offices, stephan@summittrust.co.za, within 14 days from 24 February 2020. If the claim is correct, we will advise you to deliver or courier the original claim to our offices: Summit Trust, 6^th Floor, 50 Long Street, Cape Town

The first meeting of creditors convened on 12 February 2020 at the Upington Magistrate’s Court at 11h00 has been postponed to 11 March 2020 at 11h00.

The liquidators has successfully applied to the Master of the High Court, Kimberley for an extension of powers in terms of Section 386(2A and 2B) of the Companies Act 61 of 1973 to sell the immovable property situated at Portion 11 of the Farm Doornkom No 376, Division KR Modimole/ Hookgophong, Limpopo via public auction.

Kindly be advised that all meetings of creditors and members, enquiries and activities pertaining to our estates will be suspended until further notice. We will continue to closely monitor the development of the Coronavirus (COVID-19) outbreak and remain alert about potential risks to our estates and our clients’ interests. We will strive to mitigate any damage suffered by all interested parties, due to these testing times, to the best of our abilities. We will keep you informed.

Please be advised that in accordance with Section 39(1) of the Insolvency Act 24 of 1936 the liquidators have successfully applied and obtained the consent of both the Master of the High Court, Kimberley and the Master of the High Court, Cape Town to hold the second meeting of creditors and contributories before the Presiding Officer at the Office of the Master of the High Court, Cape Town.

In light of the above, the second meeting of creditors and contributories will be held at the Master’s Office, Cape Town on 8 December 2020 at 09h00.

The second meeting of creditors and contributories was successfully held and closed. The Liquidators will now proceed to wind-up the company in accordance with their report and resolutions adopted at the second meeting of creditors and contributories. The first account will be submitted by 21 March 2021.

The special meeting of creditors was held and closed on 8 March 2022.

The second and final Liquidation & Distribution account was confirmed by the Master on 03 November 2023. The Liquidators will now proceed to distribute the assets of the company in accordance with the second and final Liquidation & Distribution account .

The Master will release the Liquidators from the estate and their duties after the distribution of assets have taken place. When the Liquidators receive the Master’s release note the liquidation process will be finalized.