Aircraft Asset Finance Corporation (Pty) Limited v Deymine (Pty) Limited and Others (114305/2023) [2025] ZAGPJHC 336 (27 March 2025)

Aircraft Asset Finance Corporation (Pty) Limited v Deymine (Pty) Limited and Others (114305/2023) [2025] ZAGPJHC 336 (27 March 2025)

The Court found that the applicants failed to demonstrate reasonable prospects of success on appeal. The certificate of balance, agreed to by the parties, was sufficient to determine the amount owed, and no genuine dispute of fact existed requiring referral to oral evidence. The waiver of the benefit of excursion...

Source-derived case information.

Citation
[2025] ZAGPJHC 336
Parties
Applicant: Aircraft Asset Finance Corporation (Pty) Limited; Respondent: Deymine (Pty) Limited; Respondent: Cornelius Johannes Deysel; Respondent: Evert Philip Serfontein; Respondent: EPS Courier Services CC; Respondent: EPS Logistics CC
Court
South Gauteng High Court, Johannesburg
Jurisdiction
South Africa
Case Number
114305/2023
Procedural Posture
Leave to Appeal / Application for Leave to Appeal Following Judgment Delivered on 11 February 2025
Outcome
Application for leave to appeal dismissed with costs on scale B.
Judges
ML Senyatsi
Legal Topics
Leave to Appeal, Dispute of Fact, Certificate of Balance, Suretyship, Costs Order
Civil Procedure Leave to Appeal Dispute of Fact Certificate of Balance Suretyship Costs Order

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Summary, issues, holding and outcome

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Parties

Aircraft Asset Finance Corporation (Pty) Limited

Applicant

Deymine (Pty) Limited

Respondent

Cornelius Johannes Deysel

Respondent

Evert Philip Serfontein

Respondent

EPS Courier Services CC

Respondent

EPS Logistics CC

Respondent

Procedural Posture

Leave to Appeal / Application for Leave to Appeal Following Judgment Delivered on 11 February 2025

  1. 1 Whether the denial of the amount owed raised a genuine dispute of fact requiring referral to oral evidence.
  2. 2 Whether the waiver of the benefit of excursion required the creditor to first file a claim with the estate of the liquidated company before enforcing rights under the deed of surety.
  3. 3 Whether the deed of surety, in which common law benefits were renounced, should be ignored for fairness to the sureties.

Ratio Decidendi

The Court found that the applicants failed to demonstrate reasonable prospects of success on appeal. The certificate of balance, agreed to by the parties, was sufficient to determine the amount owed, and no genuine dispute of fact existed requiring referral to oral evidence. The waiver of the benefit of excursion did not require the creditor to first file a claim with the estate of the liquidated company before enforcing rights under the deed of surety. The deed of surety was valid and enforceable, and the law on this point is settled. The requirements for granting leave to appeal under section 17(1)(a) of the Superior Courts Act were not met, and there was no compelling reason for the...

Court Disposition

Application for leave to appeal dismissed with costs on scale B.

Orders

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