Dear Creditors

Welcome to Summit Trust.

Kindly be advised that Jochen Eckhoff and Margaretha S Goodrich will attend to the liquidation of Sebbag Longterm Investments CC (In liquidation) “SLI”. 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  SLI was liquidated on 1 November 2019.  Furthermore, The Master of the High Court, Cape Town, appointed Jochen Eckhoff (Summit Trust) and Margaretha S Goodrich to be the liquidators of the corporation on 20 November 2019.

The Liquidators will, within a month, convene by notice in the Gazette, a first meeting of the creditors and members of the corporation for, inter alia, the proof of their claims against the corporation. The Liquidators shall publish such notice on a date not less than ten days before the date upon which the meetings is to be held and shall in such notice state the time and place at which the meeting is to be held.

In light of the aforesaid, 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 creditor is a company, 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, jochen@summittrust.co.za within 14 days from 28 November 2019. If the claim is correct, I 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 and members was successfully held and closed on 28 January 2020 at the Master of the High Court, Cape Town 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.

The second meeting of creditors and members will be held at the Master of the High Court, Cape Town on 24 March 2020 at 09h00.

The second meeting of creditors and members was successfully held and closed. Ther Liquidators will now proceed to wind-up the Close Corporation in accordance with their report and resolutions adopted at the meetings of creditors and members. The first and final liquidation and distribution account will be submitted by 20 May 2020.

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 and Final Liquidation, Distribution and Contribution Account was confirmed by the Master on 30 August 2021. The Liquidators will now proceed to distribute the assets of the company in accordance with the First and Final Liquidation, Distribution and Contribution 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.