Dinath and Another v Iginla and Another (079671/2023)
Dinath and Another v Iginla and Another (079671/2023) [2024] ZAGPPHC 1225 (22 November 2024)
The court found that the payments made by Joshua Iginla Ministries NPC to purchase a farm in the First Respondent's name constituted a disposition without value under section 26 of the Insolvency Act. The funds originated from SNS, which operated an unlawful Ponzi scheme and was liquidated, making the payments to JIM NPC impeachable and due for repayment to SNS's liquidators. The Respondents failed to provide any evidence that JIM NPC was solvent at the time of the disposition or that value was received in exchange for the payments. The constitutional argument regarding freedom of religion wa…
Source excerpt
- Insolvency Act Section 26
- Disposition Without Value
- Liquidation Proceedings
- Collusive Transactions
- Church Donations
- Creditor Protection