Sneaker shop Court Order enters voluntary liquidation
More than 100 consignors do not know if they will get their money or stock back after the shop froze its bank accounts and stopped payments. Director Ahmed Seedat apologised for the lack of communication.
Seedat said the bank accounts are frozen, so Court Order cannot reach company funds or make payments. He said unsold stock held on consignment still belongs to its owners and is not part of the assets available to creditors. He said the liquidator will decide how available funds are administered.
Consignor Dean Promnick says he is owed about R110,000 in cash. He says he had stock worth between R250,000 and R350,000 with the business. He withdrew 64 of his 110 items before the liquidation, and he says 46 items remain with Court Order.
Promnick says payments ran six to seven months late and the shop kept selling stock at high prices. He also says shop staff did not know about the liquidation and kept helping consignors withdraw stock. Some consignors say they are owed between R50,000 and R100,000 in stock and payments.
Another consignor, who is using the name Mohale, says he is owed R129,000. He claims Seedat is seeking sympathy and reacted only after consignors found out.
Key facts
- Who
- Ahmed Seedat (Director of Court Order); Dean Promnick (Consignor with Court Order); Mohale (Consignor with Court Order (pseudonym, name not real)); Court Order (Sneaker resale shop that entered voluntary liquidation)
- What
- Court Order, a sneaker resale shop, entered voluntary liquidation, freezing its bank accounts and halting payments to consignors. Consignors say they are owed money and stock, and director Ahmed Seedat apologised for the lack of communication.
- When
- 25 October 2026
- Status
- Reported