Die Sement Depot (Pty) Ltd
Date submitted: 17.04.2019
Comments made by the trustee/liquidator
Welcome to Summit Trust.
Kindly be advised that Jochen Eckhoff and Sandra A M Daneel will be attending to the liquidation of Die Sement Depot (Pty) Ltd (In Provisional Liquidation) “DSD”. 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 DSD was provisionally liquidated on 2 April 2019. Furthermore, The Master of the High Court, Cape Town, appointed Jochen Eckhoff (Summit Trust) and Sandra A M Daneel as Provisional Liquidators of DSD on 17 April 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.
Further instruction will follow if the order is made final on 21 May 2019.
The return date was postponed to 4 June 2019.
The provisional order of liquidation was made final on 4 June 2019. 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’s 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.
The first meeting of creditors was successfully held and closed on 31 July 2019 at the Magistrate’s court, Kuilsriver. 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 and members will be held on 28 August 2019 at the Magistrate’s court, Kuilsriver, at 09h00.
Please be advised that the Government Gazette failed to advertise the notice of the second meeting, as requested by the liquidators, which has now forced the liquidators to postpone the second meeting to 2 October 2019.
The second meeting of creditors was postponed to 2 December 2019 for the purposes of holding an enquiry.
The liquidators were unable to obtain any additional information at the enquiry which could assist the liquidators with the recovery of assets. In light of the aforesaid, the second meeting was closed, and the liquidators will now proceed with a final liquidation and distribution account.
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 note the Master’s protocol pertaining to insolvent estates. We will proceed accordingly and keep you informed.
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 email@example.com with a short summary of your financial situation.
Provisional order of liquidation
Provisional certificate of appointment
Final order of liquidation
The minutes of the first meeting of creditors
Final Certificate of Appointment
Section 402 report
Minutes of the second meeting of creditors