Companies cannot ignore liquidators even if they are not being liquidated, SCA rules

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Companies cannot ignore liquidators even if they are not being liquidated, SCA rules
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Ilima, a construction company, was placed in liquidation in 2010 and, at the time, held shares in Strategic Partners Group

. SPG is known for its work in the Gautrain Project. Ilima’s liquidators had to valuate Ilima’s SPG shares and distribute the proceeds to its creditors. ..

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