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Le Roux v Permasolve Investments (Pty) Ltd (348/2021; 10047/2021) [2022] ZAWCHC 27 (11 February 2022)
High Court confirmed Le Roux’s final sequestration, dismissed his rescission bid for lack of locus standi, and allowed Gridco’s liquidators to intervene.
Noordman N.O. and Others v Knipe and Another (1906/2014) [2014] ZAFSHC 128 (14 August 2014)
The court found that the Applicants, as provisional liquidators, had incurred substantial administration costs in securing the assets of the companies due to ongoing shareholder disputes and delays in appointing final liquidators. The Respondents' opposition was inconsistent with their prior agreement to the administration costs and safeguarding of the properties. Exceptional circumstances were present, including the prolonged liquidation process, escalating costs, and the necessity to realise assets to pay creditors and administration costs. The court exercised its discretion under sections…
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