An urgent court bid by two clothing companies to interdict Edcon’s meeting on its business rescue plan from going ahead on Monday afternoon, has failed.
The creditors — Kingsgate clothing company and Clematis, a clothing manufacturing company — approached the court on Monday morning seeking an urgent interdict to stop Monday’s afternoon meeting.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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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.
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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.
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SA Airlink to interdict SAA business rescue in move for national carrier’s liquidationBusiness rescue practitioners and department of public enterprises will oppose the application
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SA Airlink to interdict SAA business rescue in move for national carrier’s liquidationBusiness rescue practitioners and department of public enterprises will oppose the application
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