Swart v Starbuck and Others (20785/2014) [2016] ZASCA 83; 2016 (5) SA 372 (SCA) (30 May 2016)
Court
Supreme Court of Appeal
Case number
20785/2014
Judges
Ponnan, Seriti, Dambuza, Mathopo, Fourie
The court held that the trustees were duly authorised by the Master under s 80bis of the Insolvency Act to sell the immovable properties prior to the second meeting of creditors. Section 82(1) and s 82(8) did not apply, as those provisions govern sales after the second meeting and liability for contraventions thereof. The sale and transfer were valid and enforceable, supported by the suspensive condition in the contracts and subsequent fulfilment of all statutory requirements. The abstract theory of transfer further confirmed the validity of the transfer, regardless of any alleged defects in…