Bosasa wants liquidators out of its companies, which it says are solvent

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Bosasa | 'The trigger for the liquidators' appointment was never legally pulled, hence their appointment was null and void and should be set aside.'

Mike Hellens SC waits for the start of the inquiry into state capture in Parktown, Johannesburg on August 20 2018. He is the advocate for African Global Holdings in its application on Wednesday to reverse the liquidation of African Global Operations companies.The affairs of the African Global Operations group of companies should not be under the care of the"rampant activities" of liquidators who should not have been appointed in the first place.

The holding company seeks an order declaring that the special resolution taken by six directors of African Global Operations on February 12 placing the Bosasa group of companies under liquidation was void from the beginning and of no force and effect.The company also seeks an order that Cloete Murray and Ralph Lutchman have no rights as provisional liquidators or liquidators in respect of the companies.

 

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