Pygon Trading CC

Date submitted: 16.07.2021

Comments made by the trustee/liquidator

Dear Creditors

 

Welcome to Summit Trust.

 

Kindly be advised that Jochen Eckhoff and Philemon T. Mawire will be attending to the liquidation of Pygon Trading CC (In Provisional Liquidation) “Pygon”. 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 Close Corporation was registered or had its main place of business. If you register to this online estate profile you will receive notifications, via email, every time it is updated. In this regard, we kindly request that you familiarize yourself with our disclaimer available at the bottom of this webpage.

 

Kindly be advised that Pygon was provisionally liquidated on 18 May 2021. Furthermore, The Master of the High Court, Cape Town, “The Master” appointed Jochen Eckhoff (Summit Trust) and Philemon T. Mawire as Liquidators of Pygon on 11 June 2021. At this point in the liquidation, it is the duty of the Liquidators to take control of the Close Corporation’s assets and not to report on the Close Corporation’s affairs. The Liquidators will submit a formal report at the second meeting of creditors and members as required by section 79 of Close Corporations Act 69 of 1984.

 

Further instructions will follow if the provisional order of liquidation is made final on 16 August 2021.

 

The return date for the provisional order of liquidation has been postponed by agreement to 25 October 2021.

 

The return date for the provisional order of liquidation has been postponed to 22 November 2021 for further argument.

 

The return date for the provisional order of liquidation has been anticipated by the applicant and will be heard on 12 February 2022.

 

The return date for the provisional order of liquidation has been postponed to 18 March 2022 for further argument.

 

Further arguments were heard and concluded on 18 March 2022 with the judgement being reserved. We will update this online estate profile once the judgement is delivered.

 

The first meeting of creditors and members was successfully held and closed on 02 May 2024 at Wynberg Magistrate’s Court at 09h00. The Liquidators shall, within three months, convene the second meeting of creditors and members. The purpose of the second meeting of creditors and members is to prove additional claims against the estate and to table a formal report to creditors and members. The time, date and place of the second meeting of creditors and members will be made available on this website

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  • Final Certificate of Appointment

    Date:

    20210716

    Download

  • Order of Provisional Liquidation

    Date:

    20210716

    Download

  • The Final Order of Sequestration

    Date:

    20240523

    Download

  • The Minutes of the First Meeting of Creditors