Business Rescue of Edcon Limited

This page contains relevant and important information regarding the Business Rescue Proceedings of Edcon Limited (“Edcon”, “Company”)

On 29 April 2020, Edcon was placed under business rescue pursuant to the filing of a resolution in terms of Section 129(1) of the Companies Act 71 of 2008 (“the Act”) on 28 April 2020.

On 4 May 2020, Piers Marsden and Lance Schapiro were appointed as the Business Rescue Practitioners (“BRPs”) of Edcon in terms of Section 129(3)(b) of the Act.

DOCUMENTS AVAILABLE FOR DOWNLOAD

Update Reports

1. First Update Report – Edcon Limited

2. Second Update Report – Edcon Limited

3. Third Update Report – Edcon Limited

4. Fourth Update Report – Edcon Limited

5. Fifth Update Report – Edcon Limited

6. Sixth Update Report – Edcon Limited

7. Seventh Update Report – Edcon Limited

8. Eighth Update Report – Edcon Limited

9. Edcon Limited – Ninth Update Report – March 2021

10. Edcon Limited – Tenth Update Report – April 2021

11. Edcon Limited – Eleventh Update Report – May 2021

12. Edcon Limited – Twelfth Update Report – June 2021

13. Edcon Limited – Thirteenth Update Report – July 2021

14. Edcon Limited – Fourteenth Update Report – August 2021

15. Edcon Limited – Fifteenth Update Report – September 2021

16. Edcon Limited – Sixteenth Update Report – October 2021

17. Edcon Limited – Seventeenth Update Report – November 2021

18. Edcon Limited – Eighteenth Update Report – December 2021

19. Edcon Limited – Nineteenth Update Report – January 2022

20. Edcon Limited – Twentieth Update Report – February 2022

21. Edcon Limited – Twenty First Update Report – March 2022

22. Edcon Limited – Twenty Second Update Report – April 2022

23. Edcon Limited – Twenty Third Update Report – May 2022

24. Edcon Limited – Twenty Fourth Update Report – June 2022

25. Edcon Limited – Twenty Fifth Update Report – July 2022

26. Edcon Limited – Twenty Sixth Update Report – August 2022

27. Edcon Limited – Twenty Seventh Update Report – September 2022

28. Edcon Limited – Twenty Eighth Update Report – October 2022

29. Edcon Limited – Twenty Ninth Update Report – November 2022

30. Edcon Limited – Thirtieth Update Report – December 2022

31. Edcon Limited – Thirty First Update Report – January 2023

32. Edcon Limited – Thirty Second Update Report – February 2023

33. Edcon Limited – Thirty Third Update Report – March 2023

34. Edcon Limited – Thirty Four Update Report – April 2023

35. Edcon Limited – Thirty Fifth Update Report – May 2023

36. Edcon Limited – Thirty Sixth Update Report – June 2023

37. Edcon Limited – Thirty Seventh Update Report – July 2023

38. Edcon Limited – Thirty Eighth Update Report – August 2023

39. Edcon Limited – Thirty Ninth Update Report – September 2023

40. Edcon Limited – 40th Update Report – October 2023

41. Edcon Limited – 41st Update Report – November 2023

42. Edcon Limited – 42nd Update Report – December 2023

Frequently Asked Questions

Frequently Asked Questions – Interim Distribution

Notice of Commencement of Business Rescue and Appointment of Business Rescue Practitioners (“BRPs”)

1. Notice of Commencement of Business Rescue and Appointment of BRPs

First Meeting of Creditors and Employees

1. Notice of First Meeting of Creditors – Edcon Limited

2. Presentation of First Meeting of Creditors

3. Notice of First Meeting of Employees – Edcon Limited

4. Presentation of First Meeting of Employees

Court Proceedings

[1] Pan African Shopfitters and Edcon

1.1 Notice to Affected Persons of Court Proceedings – 21 May 2020

1.2 Pan African Shopfitters vs Edcon – Issued Liquidation Application

1.3 Pan African Shopfitters v Edcon & three others – Application to set aside BR proceedings

1.4  Edcon Answering Affidavit

1.5  Notice to Affected Persons of the Outcome of the Court Proceedings – 25 June 2020

[2] Kingsgate Clothing, Clematis Trading and Edcon – Case No. 26433-20

2.1 Notice to Affected Persons of Court Proceedings – 21 June 2020

2.2 Urgent Application (Case No 26433-20) – Kingsgate Clothing, 1 Other v BRPs, Edcon and CIPC

2.3 Urgent Application (Case No 26433-20) – Annexure YV1 – YV5 (1 of 2)

2.4 Urgent Application (Case No 26433-20) – Annexure YV5 (2 of 2)

2.5 Urgent Application (Case No 26433-20) – Annexure YV6 – YV12

2.6 Answering Affidavit Final

2.7 Applicants Replying Affidavit

2.8 Notice to Affected Persons of the Outcome of the Court Proceedings – 22 June 2020

[3] Kingsgate Clothing and 7 Others against Edcon and the BRPs – Case No. 57045-20

3.1 Notices to Affected Persons:

3.1.1 Notice to Affected Persons of Court Proceedings – 11 December 2020

3.1.2 Notice to Affected Persons – Replying Affidavit – 23 August 2021

3.1.3 Notice to Affected Persons of Outcome of Court Proceedings – 17 November 2021

3.2 Papers filed in the Application

3.2.1 1. Applicants’ Founding Affidavit

3.2.2 2. Notice of Intention to Oppose

3.2.3 3. First, Second and Third Respondents’ Answering Affidavit

3.2.4 4. Applicants’ Replying Affidavit

3.2.5 5. Interlocutory Application

3.2.6 6. Applicants’ Opposing Affidavit (1 of 2) and 6. Applicants’ Opposing Affidavit (2 of 2)

3.2.7 7. Notice of Intention to Oppose the Applicants’ Counter-Application

3.2.8 8. Replying Affidavit in Support of Interlocutory Application and Answering Affidavit in Counter-Application

3.2.9 9. Order

3.2.10 10. Applicants’ Heads of Argument

3.2.11 11. Applicants’ Notice of Withdrawal of their Counter Application dated 20 August 2021

3.2.12 12. Judgment

[4] Kingsgate Clothing and 9 Others against Edcon and the BRPs – Case No. 19064-21

4.1 Notice to Affected Persons of Court Proceedings – 16 August 2021

4.2 Application (Case No 19064-21) – Kingsgate Clothing, 9 Others v BRPs and Edcon

4.2,1 Annexures – FA1 – FA8

4.2.2 Annexure – FA9 – Refer to Business Rescue Plan and Annexures A – E below

4.2.3 Annexures – FA10 – F14

4.3 1st – 3rd Respondents’ Answering Affidavit

4.3.1 Annexure AA1 (1 of 2)

4.3.2 Annexure AA1 (2 of 2)

4.3.3 Annexure AA2

4.3.4 Annexure AA3

4.3.5 Annexure AA4

4.4 Applicants’ Replying Affidavit

 [5] Court Proceedings against Edcon and the BRPs – SCA Case No. 263/2022 & GD, PTA Case No. 57045/2020

5.1 SCA Application (1 of 2)

5.1 SCA Application (2 of 2)

5.1.1 Annexure FA1

5.1.2 Annexure FA2

5.1.3 Annexure FA 3 and FA4

5.2 SCA Order

Business Rescue Plan and Notices

1. Notice of Publication of the Business Rescue Plan – Edcon Limited

2. Business Rescue Plan – Edcon Limited

2.1 Annexure A – List of Store Leases

2.2 Annexure B – List of Material Assets

2.3 Annexure C – List of Creditors

2.4 Annexure D – BRPs Remuneration Agreement

2.5 Annexure E – Cash Flow Forecast

3. Notice in terms of section 143(3) – Edcon Limited

4. Notice in terms of section 151 – Edcon Limited

5. Proxy Form – Edcon Limited

6. Updated List of Creditors (17 June 2020)

Section 151 Meeting

1. Section 151 Presentation

2. Business Rescue Plan – Results of Voting

General

1. Provisional List of Available Trademarks

CONTACT US

Should you have any queries, please contact us on creditors@edconbr.co.za