Wessels N.O and Others v Janse Van Rensburg N.O and Others (48555/2011)
Wessels N.O and Others v Janse Van Rensburg N.O and Others (48555/2011) [2025] ZAGPPHC 154 (13 February 2025)
The court found that the applicants failed to prove that all creditors and liquidators had been paid or that adequate provision had been made for their claims. Significant disputes remain regarding the fees of the erstwhile and current liquidators, as well as levy claims by Mabalingwe Shareblock. The settlement agreement relied upon by the applicants was not signed by all relevant parties and left several substantial claims unresolved, which would require further litigation if the winding-up were set aside. The court held that it is inappropriate for such disputes to be litigated after the te…
Source excerpt
- Winding Up Of Companies
- Liquidator Fees
- Creditor Settlement
- Companies Act Section 354
- Business Rescue
- Distribution Of Estate Assets