Liquidator allsorts

Liquidator allsorts

The first skirmish between new liquidators and the purported buyer of a Lenasia mall has begun to play out in court as the ‘buyer’ tries to maintain his hold, despite having not yet paid a cent for it in 12 years.

A new set of liquidators appointed to wind up the business of a Gauteng shopping centre that went under 12 years ago, promptly cancelled the sale of the property so that they could take over management of the mall themselves. This prompted the prospective owner to rush to court to try to interdict them and block any management takeover while he is engaged in opposing the cancellation of the sale.

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