Dear Creditors

Welcome to Summit Trust.

Kindly be advised that Jochen Eckhoff and ML Ledwaba will be attending to the liquidation of Royal Albatross Properties 30 (Pty) Ltd (In Liquidation) “Royal Albatross”. 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  Royal Albatross was placed under final liquidation by the  High Court, Cape Town on 27 November 2019 following a failed Business Rescue attempt.  Furthermore, The Master of the High Court, Cape Town, appointed Jochen Eckhoff (Summit Trust) and MP Ledwaba as provisional liquidators of Royal Albatross  on 11 December 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’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.

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 our representatives, who will prove your claim at the creditors meeting, but if the insolvent company 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 the insolvent company 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, whichever is the lesser.

The claim must be emailed to our offices, stephan@summittrust.co.za within 10 days from 13 December 2019. If the claim is correct, I will advise you to deliver or courier the original claim to our offices: Summit Trust, 2nd Floor, 155 Loop Street, Cape Town.

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.

The first meeting of creditors and members was successfully held on 6 November 2020 and closed on 11 December 2020 at the Master’s Office, Cape Town at 09h00. The Liquidators shall, within three months, convene the second meeting of creditors and contributories. The purpose of the second meeting of creditors and contributories is to prove additional claims against the estate, adopt resolutions and to table a formal report to creditors and contributories. The time, date and place of the second meeting of creditors and contributories will be made available on this website.

The second meeting of creditors and contributories will be held at the Magistrate’s Court, Stellenbosch on 10 February 2021 at 10h00.

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 11 June 2021.

Kindly be advised that the Government Printing Department is experiencing technical issues with the publishing of the Government Gazette, which in turn affects both the Master of the High Court as well as Summit Trust’s ability to, inter alia, convene meetings of creditors, publish notices of inspection of liquidation and distribution accounts and publish notices of confirmation of liquidation and distribution accounts. In this regard, please see attached correspondence from the South African Restructuring & Insolvency Practitioners Association (SARIPA) and the Government Printing Department’s response thereto.