BCL creditors face long wait to get payment

Nigel Dixon-Warren PIC: KENNEDY RAMOKONE
Nigel Dixon-Warren PIC: KENNEDY RAMOKONE

SELEBI-PHIKWE: The provisional liquidator of the BCL Group, Nigel Dixon-Warren has said creditors will only get any payment if there is sufficient funds when the liquidation process is finalised, possibly towards the end of 2017.

He explained during a press conference here on Tuesday that the High Court will decide on February 7 if the companies should be placed under final liquidation.

He stated that afterwards, the Master of the High Court will convene a meeting so that creditors can prove their claims against the three subsidiaries of the BCL Group so that they can issue instructions to the liquidator and receive payment against their claims at the end of the liquidation process.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up