Winding-up petition admitted; Official Liquidator appointed as Provisional Liquidator and citation publication directed under court rules.

A winding-up petition was admitted, the Official Liquidator was appointed as Provisional Liquidator, and citation was directed to be published in accordance with Rule 24 of the Companies (Court) Rules, 1959. The operative effect was to advance the winding-up process by securing provisional control over the company's affairs and requiring public notice through citation publication.

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Issues: Whether the petition should be admitted and whether a Provisional Liquidator should be appointed, with citation to be published in terms of the applicable court rules.

Outcome: The petition was admitted, the Official Liquidator was appointed as Provisional Liquidator, and publication of citation was directed under Rule 24 of the Companies (Court) Rules, 1959.

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