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Trimart may sue


Trimart may sue

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SADDLED with more than $150 000 in damaged goods, Trimart may seek legal redress to “hold someone responsible” for failing to take care of its foodstuff.
An inside source told the DAILY NATION that Trimart was very concerned about spoilage since the Haggatt Hall and Bridge Street outlets were closed three weeks ago as a result of debts of more than $1.2 million owed to property owners NSR Limited.
Perishables that have spoilt were valued at around $100 000 and there were further losses with rice, flour and other items, the source said.
“We have meat spoiling because of freezers that are not working properly. There is meat that has been exposed to freezer burn. Rice and flour could soon start deteriorating because of weevil infestation,” the source added.
Both parties, those acting on behalf of the supermarket and for property owners NSR Limited, have made several attempts to hammer out a resolution to the impasse which has placed more than 300 people on the breadline.
The district auctioneer, who is acting on behalf of the landlord, has possession of the goods but is unable to sell them because of the action taken by Trimart’s attorneys, who filed with the Supervisor of Insolvency a notice of intention to make a proposal to creditors.
However, while the auctioneer can’t sell the goods, sources acting on behalf of Trimart argue that the auctioneer is duty bound to look after the goods.
A source connected with Trimart believes that the goods were not properly cared for.
“Certainly, we will be exploring all of our legal remedies in respect of that,” the source said.
Trimart owes R. L. Seale in excess of $3 million and Hanschell Inniss, more than $2 million. Pelican Market Suppliers Inc are owed nearly half million ($484 698.85), and both Lasco Barbados and Mount Gay more than $100 000. In total, Trimart owes as much as $16 million to 350 companies and sources indicate that staggering figure has been accrued largely from its recent trading inactivity.
“Bear in mind that as a supermarket, everyday they would be buying major amounts of goods from suppliers. You don’t pay cash, you buy on credit because you turn it over quickly and when you sell, you pay.
“So on any given day, you will owe plenty of money because you buy things on credit. Those are just trade payables that in the course of business are settled as they fall due, but because the supermarket isn’t trading, it has not been able to pay those debts.”