Langlaagte Truck And Car CC v 8 Mile Investments 539 (Pty) Ltd and Others (2024/007632)
Langlaagte Truck And Car CC v 8 Mile Investments 539 (Pty) Ltd and Others (2024/007632) [2025] ZAGPJHC 254 (10 March 2025)
The court found that the Applicant acted in good faith, purchasing the property at auction and complying with all required legal processes before the property became bona vacantia due to the deregistration of 8 Mile Investments. The only defect was an incorrect property description, which was later rectified by a subsequent court order and addendum. The court held that reinstatement under section 83(4) of the Companies Act must have automatic retrospective effect, validating all corporate activities and revesting assets, including the property in question. The Respondent's objections regardin…
Source excerpt
- Companies Act Reinstatement
- Bona Vacantia
- Property Transfer
- Retrospective Validation
- Sale In Execution