Smit v Sofa Planet CC and Others (4424 / 2022)
Smit v Sofa Planet CC and Others (4424 / 2022) [2023] ZAWCHC 1 (17 January 2023)
The High Court dismissed a provisional liquidation application, finding the sole member-creditor’s bid was driven by ulterior motives and lacked a genuine concursus advantage.
- Winding Up Of Close Corporation
- Ulterior Motive
- Fiduciary Duties Of Member
- Concursus Creditorum
- Loan Repayment
- Abuse Of Process