Lawyer Barry Aaron is withdrawing his application to liquidate the SABC on an understanding that he will be paid money owed, he said on Thursday."I am removing it because I have had a tender of payments which I'm hoping will be complied with," he said.
He was due to apply for the liquidation of the public broadcaster at 2pm in the Johannesburg High Court on Thursday.
He is seeking the balance of a R450,000 bill he submitted for legal fees, after receiving only R75,000.
Believing that the SABC was unable to pay all its creditors, he opted for a liquidation application.
Liquidation is when a company struggling financially is placed in the hands of people who try to rearrange the company's finances to ensure its survival.
Aaron said if he was not paid by noon on Friday, he would apply to have the matter reinstated.
Source : Sapa /jog/kt/gj
Date : 05 Mar 2009 11:31
