Engelbrecht NO and Others v Master of the High Court, Pretoria (55163/2016)
Engelbrecht NO and Others v Master of the High Court, Pretoria (55163/2016) [2017] ZAGPPHC 5 (18 January 2017)
The court found that the Master had incorrectly applied the 3% tariff under Item 2 of Tariff B to the applicants' remuneration, as the assets sold comprised both movable and immovable property, as well as other rights and interests. The directive was set aside. However, the court declined to order that the applicants' fees be taxed at 10% under Item 1 of Tariff B, holding that the sale assets fell into distinct categories under the tariff and that it was necessary for the Master to exercise discretion in determining reasonable remuneration. The matter was referred back to the Master for prope…
Source excerpt
- Liquidator Remuneration
- Companies Act 1973
- Insolvency Act Tariff
- Review Of Administrative Action