Grand Spartounta Incorporated and Others v TMT Bulk Corporation (A66/11)
Grand Spartounta Incorporated and Others v TMT Bulk Corporation (A66/11) [2012] ZAKZDHC 75 (13 November 2012)
The court found that the Respondent failed to disclose material information in its ex parte arrest application, particularly regarding the true state of claims and counterclaims between the parties. The Respondent's own documents showed that it owed substantial amounts to the Applicants, which was not properly disclosed in the founding affidavit. The court held that it is not sufficient for material facts to be buried in annexures; they must be clearly drawn to the court's attention. The Respondent did not establish a genuine and reasonable need for security, as the risk of non-payment was no…
Source excerpt
- Arrest Of Ship
- Security For Claims
- Material Non Disclosure
- Urgent Application
- Prima Facie Case