Single Destination Engineering (Pty) Ltd and Another v Van Den Heever N.O and Others (Steyn and Another Intervening) (42818/20)
Single Destination Engineering (Pty) Ltd and Another v Van Den Heever N.O and Others (Steyn and Another Intervening) (42818/20) [2024] ZAGPJHC 1279 (12 December 2024)
The court held that the applicants, as former directors and sole shareholders of Skincon Calibrate (Pty) Ltd, do not possess a direct and substantial interest in the subject matter of the main application, which concerns the right of creditors to inspect the company's documents under section 360 of the Companies Act. Their interest is merely financial and indirect, and the liquidators now represent the company's interests. The applicants' concerns about future litigation and factual allegations do not amount to prejudice caused by the inspection order itself. The court found that any prejudic…
Source excerpt
- Intervention Under Rule 12
- Creditor Rights
- Inspection Of Company Documents
- Liquidation Proceedings