Odendaal v Nomoredebt Trust and Others (63675/2018)
Odendaal v Nomoredebt Trust and Others (63675/2018) [2019] ZAGPPHC 36 (8 February 2019)
The court held that while a trust is susceptible to sequestration as a debtor in the usual sense of the word, legal proceedings must cite the trustees in their representative capacities, not the trust itself. The applicant failed to correct the citation and did not seek relief against the trustees in their representative capacities. As a result, the applicant was not entitled to final relief, and the provisional sequestration order was discharged.
Source excerpt
- Sequestration Of Trust
- Citation Of Trustees
- Insolvency Act Interpretation