The court also heard an application by Abraaj Investment Management Limited (AIML) to appoint David Soden and Stuart Sybersma of Deloitte as joint provisional liquidators
of the fund management business, Abraaj said in a statement.
must be elected by the creditors entitled to participate in the liquidation proceedings.
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Dr Philipott added that a number of restoration applications are made as a consequence of liquidators
not being aware of their responsibilities to maintain patents.
'In fact I have asked the liquidator
to optimise employment levels to comply with the relevant legislation, in particular, as it relates to safety and health,' he said.
Minister of Mineral Resources, Green Technology and Energy Security, Mr Eric Molale says government pays for the costs of the BCL liquidator
in the form of an advance that will be paid back later.
Cork, the liquidator
of the company, written statements of the amounts that they claim to be due to them from the company and, if so requested, to provide such further details or produce such documentary evidence as may appear to the liquidator
to be necessary.
Mr Christopher Morris, of Deloitte & Touche, could not promise how much or when the dividends would be paid.
Galway for the purpose of laying before the meeting an account showing how the winding up has been conducted and how the property of the Company has been disposed of and hearing any explanations that may be given to the Liquidator
and, further, pursuant to Section 707 of the Companies Act, 2014 for the purpose of directing at the said meeting of members the manner in which the books and papers of the company and of the liquidator
shall be disposed of.
Mr Molale said the amount was from the interim liquidation and distribution accounts prepared by the past liquidator
, Mr Nixon Dixon-Warren as at February 2019.
Begbies Traynor has now said it intends to pay a dividend to all those who can prove they are owed money by Tyne Tees Telecom.