TWOLINE TRADING 160 (PTY) LTD

Date submitted: 31.07.2024

Comments made by the trustee/liquidator

Dear Creditors

 

Welcome to Summit Trust.

 

Kindly be advised that Jochen Eckhoff and Thato Prudence Mamahlodi-Sofe will be attending to the liquidation of Twoline Trading 160 Proprietary Limited (In Provisional Liquidation) “Twoline Trading”. 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. If you register to this online estate profile you will receive notifications, via email, every time it is updated.

 

Kindly be advised that Twoline Trading was provisionally liquidated on 29 July 2024. Furthermore, The Master of the High Court, Johannesburg “The Master” appointed Jochen Eckhoff (Summit Trust) and Thato Prudence Mamahlodi-Sofe as provisional liquidators of Twoline Trading on 29 July 2024. 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 report at the second meeting of creditors and contributories in terms of section 402 of the Companies Act No. 61 of 1973.

 

Further instructions will follow if the provisional order of liquidation is made final on 10 June 2024.

 

The provisional order of liquidation was made final on 10 June 2024. The Master will now convene, by notice in the Gazette, a first meeting of the creditors and members of the estate for, inter alia, 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 meetings is to be held and shall in such notice state the time and place at which the meetings is to be held.

 

Kindly download the claim form which you will see on the right-hand side 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 Twoline Trading 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 Twoline Trading 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 purchases and payments for the full period of trading or for the period of 12 months immediately before the date of liquidation, 10 June 2024, whichever is the lesser.

 

The claim must be emailed to our offices, Stephan@summittrust.co.za and/or Raaiqah@summittrust.co.za within 14 days from 31 July 2024. If the claim is correct, we will advise you to deliver or courier the original claim to our offices: Summit Trust, 2nd Floor, 155 Loop Street, Cape Town.

 

The first meeting of creditors and members was successfully held and closed on 11 October 2024 at the Johannesburg Master’s Office at 10h00. 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.

 

 

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  • The Final Order of Liquidation

    Date:

    20240731

    Download

  • The Provisional Certificate of Appointment

    Date:

    20240731

    Download

  • Claim Form

    Date:

    20240731

    Download

  • The First Meeting of Creditors

    Date:

    20241011

    Download