Nedbank Limited v WJ Weidemann N.O. & others (31/2020)
Nedbank Limited v WJ Weidemann N.O. & others (31/2020) [2021] ZAFSHC 120 (29 April 2021)
The court found that the Trust failed to demonstrate any circumstances justifying the exercise of discretion in its favour or that the appeal would have reasonable prospects of success. The grounds of appeal raised by the Trust were found to be without merit. The court applied the stricter test under section 17(1) of the Superior Courts Act, requiring a reasonable prospect of success rather than a mere possibility. The application for leave to appeal was accordingly dismissed with costs.
Source excerpt
- Leave To Appeal
- Sequestration
- Costs Order
- Insolvency Act Section 8
- Reasonable Prospects Of Success