Pietersen and Another v Shadow Academy Global NPC and Another (15687/2022)
Pietersen and Another v Shadow Academy Global NPC and Another (15687/2022) [2023] ZAWCHC 218 (18 August 2023)
The court found the composite application for winding-up of both respondents to be irregular and impermissible, as there was no consent or identity of interests. The first applicant, having been removed as director, had no standing or benefit from the liquidation of the first respondent, which operates for public benefit and is compliant with revenue laws. The claims against the second respondent, including unpaid salary and intellectual property usage, were disputed on bona fide and reasonable grounds, with no supporting financial documentation. The second respondent was found to be solvent,…
Source excerpt
- Winding Up Of Companies
- Just And Equitable Liquidation
- Factual And Commercial Insolvency
- Costs Award
- Company Director Disputes