Shattering attack on the liquidators at the creditors meeting.
This could be a watershed moment for the Investors (Creditors) of MTI.
We have our foot in the door. Now we need to press home.
The Master supported our plea at the meeting.
It is 81 minutes long.
I would suggest if you wish to watch the whole thing set the speed to 1.5.
Below are the highlights:
03:35 - Advocate H van Staden objects to claims being rejected,
22:03 - Advocate H van Staden put on record that the liquidators must be held responsible,
38:00 - Advocate van Staden put on record; "liquidators must be held responsible,"
51:50 - Chris Kriel from www.getaquid.com goes on record to query the inadequacy of the liquidators and to plea on behalf of the Investors who have not been listed as creditors
1:13:22 - Henry Honiball - Recovery Action Community goes on record raising some very serious questions,
This is a complete Video of the complete Second Creditors meeting. The Master of the Court made shattering comments and gave instructions in favour of the investors.
Detailed Legal Analysis of the Video.
Critically Important Sections in this complete record of the MTI Liquidation - Second meeting of the creditors: (timeStamp on the Video - you can go straight there by just clicking on the link below.)
03:35 - Advocate H van Staden objects to claims being rejected,
22:03 - Advocate H van Staden put on record that the liquidators must be held responsible. Claims were originally submitted on documents provided by the liquidators, amounts, and procedure confirmed with the original liquidators How can all the claims so submitted be rejected by the current liquidators.
33:15 - The Master emphasized that the matter should be treated with the respect it deserves. A lot of people lost money. He is holding the liquidators accountable for their actions.
38:00 - Advocate van Staden put on record; "liquidators must be held responsible to act in the best interest of the investors,"
51:50 - Chris Kriel from www.getaquid.com goes on record to query the inadequacy of the liquidators and to plea on behalf of the Investors who have not been listed as creditors. He reiterates what the Master had said, calling on the Liquidators to set a burden of proof for the investors' claims.
1:09:00 - Chris Kriel from GetaQuid.com working closely with Adv Hendrik van Staden, representing the investors, wants this matter moved forward in the interest of the Investors.
1:10:00 - The Master of the High court confirmed that a single voice speaking for the investors would be good.
1:13:22 - Henry Honiball - Recovery Action Community goes on record raising some very serious questions,
GetaQuid is in negotiation with a liquidator to attend a Webinar so that we can discuss the points raised at the second creditors meeting.
The Webinar at the moment is scheduled for Tuesday evening 8 February 2022 at 07:30 pm Jhb time.
05:30 pm London time.
You are invited to a Zoom webinar.
When: Feb 8, 2022 05:30 PM London
Topic: MTI Recovery - Discussion of Second Creditors Meeting
Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_xDLWAEeqRM-qe7S6DudpQA
After registering, you will receive a confirmation email containing information about joining the webinar.
Please also let us know any specific questions that may arise from having watched the video of the second meeting of creditors.
Simply tell us what is on your mind or how we can help you?How can we Help
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