Published: 27 January 2014

A legal tussle is looming after the provisional liquidator of Trust Bank Corporation called on depositors to fill claim forms despite a High Court reprieve given to Trust to submit an opposing affidavit against the proposed liquidation.

At Wednesday's liquidation court hearing at the High Court, Trust's lawyer Advocate Thabani Mpofu got the reprieve on the basis that depositors will not support any liquidation process but will favour the injection of capital by an investor.

In an advertisement on Thursday, the provisional liquidator said depositors should collect Deposit Insurance Claim Forms.

But Trust is disputing the move arguing that DPC was not the final liquidator and that the liquidation of the bank was being challenged.

The matter is set for hearing on February 18.

The lawyers said a paragraph in the advertisement by DPC suggested that it was already disposing of the bank's assets and was "therefore misleading to members of the public."
- thestandard

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