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Torque Group Holdings Limited (In Liquidation) (“Torque” or the “Company”) entered into Provisional Liquidation on 2 March 2021 pursuant to an order of the Eastern Caribbean Supreme Court of the British Virgin Islands (the “Court”) and subsequently entered into Liquidation pursuant to a further Court order dated 18 March 2021.
The Joint Liquidators of Torque are Jason Kardachi, who was appointed as Joint Provisional Liquidator on 2 March 2021 and subsequently as Joint Liquidator on 18 March 2021, and Kent McParland who was appointed as Joint Liquidator on 12 July 2021, in each case pursuant to a Court order as of the respective dates of the individual appointments (together, the “Joint Liquidators”).
Copies of the reports and circular updates of the Joint Provisional Liquidators and Joint Liquidators (the “Circulars”) can be found via the following link to the Kroll Creditors Portal: https://www.kroll.com/en/services/restructuring-advisory/creditors-portal
The Circulars provide background of the Company, the reasons for the liquidation and updates with respect to the Joint Liquidators’ work in investigations and recovery actions.
Given the significant number of creditors and anticipated high volume of claims in the liquidation, the Joint Liquidators created an online automated claims submission process through the Kroll Creditor Claims Portal. A user guide has been created to assist creditors in submitting their claims. A copy of the guide can be found in the PDF File below.