Du Plessis and Others v Pieterse and Others (9912/23)
Du Plessis and Others v Pieterse and Others (9912/23) [2024] ZALMPPHC 127 (9 September 2024)
The court found that the applicants failed to meet the elevated threshold for leave to appeal as set out in section 17 of the Superior Courts Act. The resolutions taken by the majority directors without inviting the minority directors were irregular and unlawful, as proper procedure under the Companies Act requires all directors to be invited and allowed to declare conflicts. The court emphasized that its previous order did not prevent the applicants from pursuing litigation against debtors of the third applicant, but required compliance with lawful procedures. There is no reasonable prospect…
Source excerpt
- Leave To Appeal Threshold
- Directors Meetings
- Companies Act Compliance
- Costs Orders