Insolvent Estate: ROCELIA CATHERINE YOUNG

Follow-up meeting of creditors · Published 2024-03-22 · What is a Form 2?

Party
Insolvent Estate: ROCELIA CATHERINE YOUNG

Case

Case number
C282/2023

Party

Insolvent Estate: ROCELIA CATHERINE YOUNG

Meeting / office / account

Meeting
Proof of claim and adoption of resolutions..
Purpose
1.THAT the Report of the trustees in terms of section 81 of the Insolvency Act be hereby approved and adopted.2.THAT the actions of the trustees to date hereby be approved, confirmed and ratified.3.THAT the trustees be hereby authorized and empowered to take legal opinion or opinion of any other expert or to institute or defend any action in respect of any matter affecting the estate in any competent Court of Law and to engage the services of any legal representative or expert in reg
Trustee / liquidator
2024-04-11, 09:00, Somerset West Magistrates Court.

From the gazette

BYEENKOMS VAN SKULDEISERS IN GESEKWESTREERDE BOEDELS OF MAATSKAPPYE
                             IN LIKWIDASIE
     Ingevolge artikels 41 en 42 van die Insolvensiewet, 1936, artikels 179 en 182 van die Maatskappywet, 1926,en
artikels 339 en 366 van die Maatskappywet, 1973, word hierby kennis gegee dat ’n byeenkoms van skuldeisers in
die gesekwestreerde boedels of maatskappye in likwidasie hieronder vermeld, gehou sal word.
     Die besonderhede word verstrek in die volgorde: (1) nommer van boedel/maatskappy; (2) die naam en
beskrywing van boedel/maatskappy; (3) die datum, uur en plek van byeenkoms en (4) die doel van byeenkoms. (5)
enige additionele aanhangsels of resolusies.
     In ’n plek waar ’n kantoor van ’n Meester is, word die byeenkoms voor die Meester en in ander plekke voor die
Landdros gehou.

              C282/2023—(2) Insolvent Estate: ROCELIA CATHERINE YOUNG; (3) 2024-04-11, 09:00, Somerset West
   Magistrates Court. (4) Proof of claim and adoption of resolutions.. (5) 1.THAT the Report of the trustees in terms of
   section 81 of the Insolvency Act be hereby approved and adopted.2.THAT the actions of the trustees to date hereby
   be approved, confirmed and ratified.3.THAT the trustees be hereby authorized and empowered to take legal opinion
   or opinion of any other expert or to institute or defend any action in respect of any matter affecting the estate in any
   competent Court of Law and to engage the services of any legal representative or expert in regard to any of the affairs
   of the estate, or in regard to any claim which has been submitted for proof against the estate, or which was proved on
   a meeting convened for that purpose, and for those purposes they be and are hereby authorized and empowered to
   engage the services of Attorneys and/or Council and/or any other expert; such legal costs as may be incurred, whether
   the matter had been successful or not, to be costs in the winding up of the company.4.THAT the trustees be hereby
   authorized to refer any dispute between them and any other party for arbitration, regarding any affairs of the estate,
   should the third party consent to such. The trustees are likewise authorized to agree to the rules applicable on the
   procedures of arbitration and the effect the decision of the arbiter will have and regarding the costs of such arbitration
   and if any of such costs may be payable by the estate, pay such costs as administration costs.5.THAT the trustees be
   hereby authorized to open a bank account in the name of the estate at such registered commercial bank as which they
   may decide upon and also to arrange an overdraft on such account to enable them to pay any of the administration
   costs of the estate and it is hereby approved that any interest payable on such overdraft be also part of the
   administration costs of the estate. The trustees are authorized to decide which one of them will have the power to
   operate on such account.6.THAT the trustees be hereby authorized and empowered to dispose of the assets of the
   estate by public auction and/or public tender and/or private treaty as they in their sole discretion may deem fit and, in
   this regard, to instruct an auctioneer and/or selling agent of their choice and at their sole discretion.7.THAT the trustees
   be hereby authorized and empowered to sign all the necessary documents as may be required to effect transfer of
   ownership of any of the assets of the estate, including fixed property, to the Purchaser thereof.8.THAT the trustees be
   hereby authorized and empowered to compromise or settle any claim against the company without the necessity of
   specifically asking the creditors for confirmation thereof, provided that proof thereof has been tendered at a meeting of
   creditors.9.THAT the trustees be hereby authorized and empowered to dispute or reject any claim which has been
   submitted for proof or to reject or disallow any claim which has already been proved on a meeting convened for such
   purpose, should they have good reason to do so, or dispute or reject such claim in part or dispute or reject such claim
   in part subject to conditions of payment or part payment thereof.10.THAT the trustees be hereby authorized and
   empowered to allow any claim which has been rejected at a meeting for the proof of claims if they should believe that
   it is a valid claim against the estate or allow such a rejected claim in part.11.THAT the trustees be hereby authorized
   and empowered to hold a Commission of Enquiry or an Enquiry before the Magistrate or Master of the Supreme Court,
   or before any other person which they approve to serve as chairperson of such meeting, for any purpose which they

   may feel be relevant regarding the affairs of the estate, and to pay such costs as administration costs of the estate,
   including cost of attorneys, counsel or any other expert or person involved at such enquiry.

                                  This gazette is also available free online at www.gpwonline.co.za
                                           STAATSKOERANT, 22 Maart 2024                                        No. 50468   17

Source