Roux v Fortein NO and Others (A170/2023)
Roux v Fortein NO and Others (A170/2023) [2025] ZAFSHC 167 (6 June 2025)
The court held that the payment made by Van Niekerk Boerdery to Roux after the commencement of liquidation proceedings constituted a disposition of property or rights of action by CRE Stropers within the meaning of section 341(2) of the Companies Act. This was ratified by Corbett, the sole member, when he deducted the amount from the invoice, thereby abandoning the corporation's right to claim the full amount from its debtor. Such conduct unfairly preferred Roux over other creditors and violated the principle of concursus creditorum. The disposition was void, and Roux was required to repay th…
Source excerpt
- Winding Up Of Close Corporation
- Concursus Creditorum
- Void Disposition
- Preferential Creditor Treatment
- Companies Act Section 341 2