Returned head of Mystic Mountain Limited (MML), Michael Drakulich, indicates that while the company will open to Jamaicans in the Easter week, a number of upgrades are expected for the attraction which was shuttered in December. Drakulich, founder.
Wilfred Baghaloo, receiver for bankrupt Mystic Mountain Limited, says the closing of the sale of the adventure park is still pending, but is near its end point. Additionally, the debt to debenture holder and secured creditor Sky High Holdings.
Gregg Dennis of Business Recovery Services Limited has been appointed as the new trustee for adventure park operator Mystic Mountain Limited in bankruptcy. It follows the rescinding of an injunction previously issued by Justice Stephane Jackson-.
Mystic Mountain receiver Wilfred Baghaloo says that he expects the Committee of Inspectors monitoring the bankrupt company on behalf of creditors to choose a new trustee in short order. Debbie-Ann Gordon tendered her resignation last Friday,.
The company approved as the purchaser of Mystic Mountain Limited, Northjam Island Tours Limited, is expected to pay US$13 million for the bankrupt business, the Financial Gleaner has learnt. The new owner is now expected to take over the business.