Edcon’s business rescue practitioners say the company could run out of inventory and be out of business by the summer if their plan isn’t implemented and yielding results by the end of June.
Two of the company’s concurrent creditors – which are together owed some R42.5 million – on Friday approached the High Court in Pretoria with an urgent application against the BRPs. “The practitioners have been working under enormous pressure to get to the point of the publication of the business rescue plan,” he said.
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Edcon creditors launch last-minute court bid to halt business rescue talksA group of Edcon creditors have launched an 11th-hour high court application to halt two meetings on Monday at which a business rescue plan was due to be discussed and adopted.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Edcon creditors launch last-minute court bid to halt business rescue talksA group of Edcon creditors have launched an 11th-hour high court application to halt two meetings on Monday at which a business rescue plan was due to be discussed and adopted.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Edcon creditors launch last-minute court bid to halt business rescue talksA group of Edcon creditors have launched an 11th-hour high court application to halt two meetings on Monday at which a business rescue plan was due to be discussed and adopted.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Edcon creditors launch last-minute court bid to halt business rescue talksA group of Edcon creditors have launched an 11th-hour high court application to halt two meetings on Monday at which a business rescue plan was due to be discussed and adopted.
Source: SowetanLIVE - 🏆 13. / 63 Read more »