A fresh move is afoot for insolvent Dylex, which got a court protection order from creditors, giving it until the end of August to come up with a reorganisation plan.

A key supplier is to ask an Ontario court to put the retailer into bankruptcy, saying it would be wrong to restructure the company because it does not have any money.

The supplier, Orientex Industries, says all of the transactions occurring in the last few months should be reviewed immediately by a trustee in bankruptcy.

Orientex, which says it is speaking on behalf of other Dylex creditors, is also asking the court to appoint a receiver to oversee the Dylex BiWay and Fairweather divisions.

Money-losing Dylex was bought in May by Hardof Wolf Group Inc, a firm with ties to US-based discounter, McCrory Corp.


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