De Wet and Another in re Olive Trading Company (Pty) Ltd v Kuyanda Commodities 34 CC t/a Bafana Petroleum (2024/024546)
De Wet and Another in re Olive Trading Company (Pty) Ltd v Kuyanda Commodities 34 CC t/a Bafana Petroleum (2024/024546) [2025] ZAGPPHC 390 (23 April 2025)
The Intervening Applicants, as minority members and creditors of Kuyanda, have demonstrated a direct and substantial interest in the liquidation proceedings and are entitled to intervene. The business rescue applications pending in the Mpumalanga High Court have been properly commenced and, in terms of section 131(6) of the Companies Act 71 of 2008, automatically suspend the liquidation application until adjudication of the business rescue proceedings. The facts and legal issues in this matter are intertwined with multiple related applications already pending in Mpumalanga, and judicial effic…
Source excerpt
- Business Rescue Proceedings
- Liquidation Application
- Joinder Of Parties
- Transfer Of Proceedings
- Direct And Substantial Interest
- Oppressive Conduct