BCL gets more time for Arab deal

Wednesday, May 17, 2017

BCL lawyers in Court yesterday PIC: MORERI SEJAKGOMO

Lawyers representing BCL Ltd provisional liquidator, Nigel Dixon-Warren secured a 30-day extension of the liquidation process at the High Court yesterday. The extension is necessary for the finalisation of a deal with an Emirati firm.

Judge Gaolapelwe Ketlogetswe granted the order, after lawyers for Dixon-Warren noted that there was no objection to their request. The order means the return date for BCL’s liquidation is now set for June 15, 2017.

The return date is the date on which the provisional liquidator should show cause before the High Court why the original provisional liquidation order of October 2016 should not be made final.

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