Streak seeks ZC liquidation

Streak seeks ZC liquidation
Published: 21 September 2018 (458 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.

- the herald

Tags: ZC, Streak, Liquidation,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

LIVE: Dynamos versus Caps United - Dembare fights relegation

by Staff reporter | 14 October 2018 | 142 Views

LIVE: Dembare will never die

by Staff reporter | 14 October 2018 | 136 Views

LIVE: Dynamos versus Caps United - Dembare fights relegation

by Staff reporter | 14 October 2018 | 113 Views

Why prices are going wild?

by Dr Masimba Mavaza | 14 October 2018 | 306 Views

'We will continue being the voice of reason' - MDC-T Khupe

by Linda Tsungirirai Masarira | 14 October 2018 | 221 Views

Clueless 'ED' needs exigent help…

by Knowledge Hakata | 14 October 2018 | 215 Views

Mthuli's illegal instrument must be jettisoned

by Jacob Mafume, MDC National Spokesperson | 14 October 2018 | 155 Views

Mnangagwa appointment discouraging

by Jacob Mafume, MDC National Spokesperson | 14 October 2018 | 167 Views

Mnangagwa targets black market

by Staff Reporter | 14 October 2018 | 207 Views

AFM divorce sealed

by Staff Reporter | 14 October 2018 | 172 Views

Warriors beat DRC

by Staff Reporter | 14 October 2018 | 170 Views

Zimra not considering charging duty in foreign currency

by Staff Reporter | 14 October 2018 | 122 Views

Mnangagwa, Putin set for key talks

by Staff Reporter | 14 October 2018 | 125 Views

'Mnangagwa empowers Zimbabwe'

by Stephen Jakes | 14 October 2018 | 127 Views

State of roads worsened up to year 2017- Minister Moyo

by Stephen Jakes | 14 October 2018 | 90 Views

Mwenezi doing well in agriculture though there is regular drought

by Stephen Jakes | 14 October 2018 | 47 Views

It's dangerous for schools to collect exam papers on day of writing

by Stephen Jakes | 14 October 2018 | 121 Views

Fuels situation to normalise this week

by Staff reporter | 14 October 2018 | 115 Views

EU gives Mnangagwa wider win margin

by Staff reporter | 14 October 2018 | 174 Views

Edgars resumes exports

by Staff reporter | 14 October 2018 | 117 Views

No title deeds for Garikai houses, says Government

by Staff reporter | 14 October 2018 | 114 Views

Mnangagwa comes to Bulawayo

by Staff reporter | 14 October 2018 | 111 Views

Man brings ex-lovers for cage fight with wife

by Staff reporter | 14 October 2018 | 115 Views

Mnangagwa to buy modern surveillance equipment

by Staff reporter | 14 October 2018 | 53 Views

Zimbabwe Cricket trying to cheat Heath streak

by Staff reporter | 14 October 2018 | 45 Views

War vets threaten Zanu-PF bigwigs

by Staff reporter | 14 October 2018 | 58 Views

Forex shortages hit Western Union

by Staff reporter | 14 October 2018 | 56 Views

Obert Mpofu speaks about Chamisa, Mnangagwa dialogue

by Staff reporter | 14 October 2018 | 190 Views

Govt working on new energy plan

by Staff reporter | 14 October 2018 | 39 Views

2% tax headache for Mnangagwa

by Staff reporter | 14 October 2018 | 51 Views

Senior Zanu-PF official blames RBZ for crisis

by Staff reporter | 14 October 2018 | 52 Views

This is not what Mnangagwa promised

by Editorial - The Standard | 14 October 2018 | 126 Views

Mujuru vows to soldier on

by Staff reporter | 14 October 2018 | 40 Views

Bond notes disaster: Zimbabweans count costs after a week of madness

by Staff reporter | 14 October 2018 | 51 Views

Caps United to gift Dembare a win?

by Staff reporter | 14 October 2018 | 108 Views

Moyo is Mnangagwa's new acid test

by Tawanda Majoni | 14 October 2018 | 49 Views

Gukurahundi tombstone vandalised

by Staff reporter | 14 October 2018 | 41 Views