Covid-19 fallout no excuse to avoid liquidation, court rules
Popular Vilakazi Street restaurant on the brink after bank calls in its debt
25 June 2023 - 18:23
The financial fallout of Covid-19 lockdowns cannot be put forward as a basis to oppose liquidation applications, a Gauteng court has ruled.
A restaurant and bar in the tourist destination of Vilakazi Street in Soweto, Restaurant Vilakazi, has tried in vain to fend off a provisional liquidation launched by FNB over overdue debt...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.