Adam and Others v Nedbank Limited (9267/2019) [2019] ZAGPPHC 535 (15 October 2019)

Adam and Others v Nedbank Limited (9267/2019) [2019] ZAGPPHC 535 (15 October 2019)

The court found that the applicants failed to raise a bona fide defence to the summary judgment application. Their argument regarding lack of access to documents of the business rescue practitioner was not considered sufficient to constitute a defence. The court had already provided reasons for granting summary judgment, noting that the applicants stood surety for Louis Pasteur Investment Limited, which was under business rescue. The opposition was based solely on the business rescue status, not on the suretyship itself. The court was not satisfied that another court might reach a different conclusion and therefore dismissed the application for leave to appeal.

Citation
[2019] ZAGPPHC 535
Parties
Applicant: Mohamed Adam; Applicant: Frederick Herselman; Applicant: Lloyd LPI Holdings (Pty) Ltd; Applicant: First Clinic Properties One Limited; Respondent: Nedbank Limited
Court
North Gauteng High Court, Pretoria
Jurisdiction
South Africa
Judgment Date
15 October 2019
Case Number
9267/2019
Procedural Posture
Leave to Appeal / Application for Leave to Appeal Following Summary Judgment
Outcome
Application for leave to appeal dismissed with costs.
Judges
MTATI
Legal Topics
Summary Judgment, Suretyship, Business Rescue, Leave to Appeal
Civil Procedure Banking and Finance Summary Judgment Suretyship Business Rescue Leave to Appeal

Case Brief

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Parties

Mohamed Adam

Applicant

Frederick Herselman

Applicant

Lloyd LPI Holdings (Pty) Ltd

Applicant

First Clinic Properties One Limited

Applicant

Nedbank Limited

Respondent

Procedural Posture

Leave to Appeal / Application for Leave to Appeal Following Summary Judgment

Legal Issues

  1. 1 Whether the applicants have raised a bona fide defence to the summary judgment granted against them.
  2. 2 Whether the lack of access to documents of the business rescue practitioner constitutes a valid ground for leave to appeal.
  3. 3 Whether another court might reasonably arrive at a different conclusion.

Ratio Decidendi

The court found that the applicants failed to raise a bona fide defence to the summary judgment application. Their argument regarding lack of access to documents of the business rescue practitioner was not considered sufficient to constitute a defence. The court had already provided reasons for granting summary judgment, noting that the applicants stood surety for Louis Pasteur Investment Limited, which was under business rescue. The opposition was based solely on the business rescue status, not on the suretyship itself. The court was not satisfied that another court might reach a different conclusion and therefore dismissed the application for leave to appeal.

Court Disposition

Application for leave to appeal dismissed with costs.

Orders

  • The application for leave to appeal is dismissed with costs.