Breaking News

Streak seeks ZC liquidation

by Staff reporter
21 September 2018 | 685 Views
FORMER national team coach Heath Streak has applied for an order for provisional liquidation of Zimbabwe Cricket after the Association failed to respond to his claims to pay him, and his sacked staff, $198 695.77 in outstanding dues.

Streak was relieved of his duties in April this year following the Chevrons' failure to qualify for next year's ICC World Cup in a tournament held at home.

In papers filed at the High Court yesterday, Streak's lawyers cited Zimbabwe Cricket as the first respondent and the newly-installed Minister of Youth, Sport, Arts and Recreation Kirsty Coventry as the second respondent. The Sports Commission and the Master of High Court are the third and fourth respondents.

Streak and his backroom staff, which included South African batting expert Lance Klusener, fitness trainer Sean Bell and Wayne James also claim that their contracts were "illegally" terminated in April.

According to the papers, Streak is owed $128 762.95, Klusener $11 757.93, Bell $43 999.23 and James who was his assistant coach $14 175.66. He also claimed that the ZC Board led by Tavengwa Mukuhlani was improperly constituted.

His lawyers - GN Mlotshwa and Company - have invoked Section 14 of the Insolvency Act (Chapter 06:07) seeking the liquidation of the organisation and have identified Winsley Militala of Petwin and Executor Trust Company as the provisional liquidator.  

"This is an application in terms of Section 6 of the Insolvency Act (Chapter 6:07) for an order of liquidation of the 1st Respondent in that the 1st Respondent is unable to pay its debts as and when they become due in the normal course of business. "Furthermore, it is just and equitable that the 1st Respondent be wound up and creditors be paid off their debts.

"The Applicant(s) are all employees of the 1st Respondent whose fixed term of employment contracts were illegally terminated by 1st Respondent.

"The 1st Respondent has failed to pay the Applicant's salaries and other emoluments as and when they fell due and payable.

"Moreover, the 1st Respondent also failed to pay match fees and other benefits to the Applicant. Despite demand, the 1st Respondent has failed or neglected to pay the debts in question.

"I am legally advised ,which advice I adopt as mine, that the First Respondent who is a debtor is deemed to be unable to pay its debts upon proof that the debtor is generally unable to pay debts which are due and payable, or upon proof that the debtor's liabilities exceed the value of the debtor's assets.

"It is clear that the First Respondent is generally unable to pay its debts as and when they become due.  

"The Board of Directors have run the affairs of the 1st Respondent in a reckless and negligent manner such that it has failed to pay its employees and creditors on time.

"The 1st Respondent has mismanaged loans and grants that were advanced to it by the International Cricket Council and has failed to make meaningful repayments.

"I am further advised that the 1st Respondent does not fall under the given exceptions in terms of the Insolvency Act upon which this application is premised and accordingly this application is proper under the circumstances," reads the application.

ZC Streak Liquidation

Source: the herald


Latest News

Jah Prayzah comes through for Chimanimani victims

by Mandla Ndlovu | 19 March 2019 | 2 Views

WATCH: Mnangagwa jets in Manicaland

by Mandla Ndlovu | 19 March 2019 | 1 Views

MDC Top leader back in court over treason charges

by Mandla Ndlovu | 19 March 2019 | 1 Views

Revisiting the ZUPCO urban transportation model

by Victor Bhoroma | 19 March 2019 | 1 Views

EU gives €3.5 million to Zimbabwe, Malawi and Mozambique

by Mandla Ndlovu | 19 March 2019 | 1 Views

Tour Chimanimani with a clean intention

by John Sigauke | 19 March 2019 | 6 Views

Mnangagwa insist there was "no basis" free elections calls and rigging...

by Nomusa Garikai | 19 March 2019 | 2 Views

Stadium crisis hits Zimbabwe top-flight teams - The 2019 Zimbabwe top-...

by Staff reporter | 19 March 2019 | 3 Views

Chiwenga in Cyclone-hit Manicaland

by Staff reporter | 19 March 2019 | 9 Views

Zanu-PF youths mobilise donations for cyclone victims - The Zanu-PF Na...

by Staff reporter | 19 March 2019 | 1 Views

Heal Zimbabwe speaks on the arrest of Rashid Mahiya

by Heal Zimbabwe | 19 March 2019 | 5 Views

Latest on Shona teachers in Bulawayo

by Mandla Ndlovu | 19 March 2019 | 1 Views

PHOTOS: MDC holds business dinner

by Mandla Ndlovu | 19 March 2019 | 4 Views

Chamisa calls for international help

by ZimLive | 19 March 2019 | 3 Views

MDC told to divorce G40 members

by Mandla Ndlovu | 19 March 2019 | 6 Views


Andy Muridzo promises new album

by Simbarashe Sithole | 18 March 2019 | 223 Views

Kwejani band is back! - AFTER an eight-year hiatus, Victoria Falls' su...

by Staff reporter | 13 March 2019 | 1187 Views

Moyo revives Pantsula genre

by Staff reporter | 10 March 2019 | 389 Views

Majaivana's sad farewell

by Bruce Ndlovu | 10 March 2019 | 6430 Views

Nceku shifts base to SA

by Staff reporter | 09 March 2019 | 776 Views

Baba Harare abandoned by band members - Jit musician, Baba Harare has ...

by Staff reporter | 04 March 2019 | 2048 Views

Winky D pays the price

by Staff reporter | 03 March 2019 | 5276 Views

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago

Mobile Spy Software Maker Mspy Hacked

mspy, the makers of a software-as-a-service product that claims to help more than two million people spy on the mobile devices of their kids and partners, to have been massively hacked. a public relations pitch from mspy to krebsonsecurity in march ... Read More
SecNews 17 May 2015 ago