The final liquidation of NTC Global Trade Fund has been delayed until September after the Pretoria High Court granted a postponement – but ordered sole director Edwin Thabo Letopa to personally provide R500 000 as security for the wasted legal costs pending the final order.
Unless Letopa transfers this amount into a designated trust account by 7 August, his legal challenge against final winding up of NTC Global will be struck out.
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The order, issued by Judge Anthony Millar on Wednesday, was agreed between the parties and postpones two connected applications to…