Standard Bank of SA Ltd v Eagle Creek Investments 522 (Pty) Ltd and Others (4837/2013)
Standard Bank of SA Ltd v Eagle Creek Investments 522 (Pty) Ltd and Others (4837/2013) [2015] ZAGPJHC 210 (19 May 2015)
The court held that the applicant was entitled to have the respondent's immovable property declared executable under Rule 46(1)(a)(ii) of the Uniform Rules of Court. The agreement made an order of court constitutes a judgment for purposes of execution. The applicant demonstrated, through the sheriff's nulla bona return and lack of evidence to the contrary, that the respondent has no movable assets to satisfy the judgment. The breach of the agreement was substantiated by the certificate of indebtedness and the absence of any challenge to the sale of the properties previously disposed of. The r…
Source excerpt
- Rule 46 Execution
- Certificate Of Indebtedness
- Judgment By Consent
- Declaration Of Executability