Fitzgerald v Filter Focus (SA) (Pty) Ltd; Fitzgerald v Integrated Fluid Technologies (Pty) Ltd (26849/17; 26850/17)
Fitzgerald v Filter Focus (SA) (Pty) Ltd; Fitzgerald v Integrated Fluid Technologies (Pty) Ltd (26849/17; 26850/17) [2018] ZAGPJHC 687 (26 November 2018)
The court found that the respondents failed to establish a bona fide and reasonable dispute of the debt owed to the applicant. The alleged 'understanding' regarding repayment was vague, unsupported by confirmatory affidavits, and lacked sufficient particularity to constitute a valid defence. The supplementary affidavit introducing new repayment conditions was deemed an afterthought, undermining the credibility of the defence. The counterclaim by Filter Focus regarding the vehicle did not constitute a valid monetary set-off, as the asset remained company property and no unlawful transfer or sa…
Source excerpt
- Winding Up Of Company
- Creditor Locus Standi
- Bona Fide Dispute Of Debt
- Counterclaim Set Off
- Statutory Demand
- Company Liquidation