This from enca.com:
JOHANNESBURG – Barloworld Equipment has confirmed the application for the liquidation of the Optimum Coal Mine has been withdrawn.
The company says it has received payment of a portion of the outstanding amount invoices from Gupta-owned company, Tegeta.
According to a statement released by Barloword, Tegeta, which owns the Optinum Coal Mine agreed to pay a portion of the outstanding amount, “under protest’.
The balance would be placed in an attorneys’ trust account pending a determination by an independent auditor.
Barloworld applied to the high court to liquidate Optimum.
It is understood the debt runs into millions of rands.
Tegeta claims it inherited a disputed balance with Barloworld, when it purchased the mine in April.
Full story here: