The liquidation of Owen Bethel’s Montaque Capital Partners is set to become court-supervised, Tribune Business has confirmed, the winding-up having resulted from the company becoming insolvent.
Documents obtained by this newspaper disclosed that Montaque Capital Partners’ voluntary liquidation, initiated by a shareholder/Board resolution on September 30, 2011, was approved by its regulator, the Securities Commission of the Bahamas, but only on the grounds that it received “a written undertaking to have the joint liquidators proceed to have the liquidation become court-supervised immediately”.
