Tau Roller Meule (Pty) Ltd v Marcus M Farming CC (A191/2023)
Tau Roller Meule (Pty) Ltd v Marcus M Farming CC (A191/2023) [2024] ZAGPPHC 154 (21 February 2024)
The appellate court found that Marcus M Farming CC was unable to pay its debts, as evidenced by its admitted indebtedness to Tau Roller Meule (Pty) Ltd and failure to settle the debt despite a compromise agreement and partial payments. The respondent's alleged bona fide defence was not supported by reasonable grounds and did not discharge the onus required to resist liquidation. The court held that interlocutory applications, including those based on lis pendens, irregular step proceedings, and abuse of process, were without merit and dismissed them. The court refused to admit further evidenc…
Source excerpt
- Final Liquidation Order
- Companies Act Section 344
- Inability To Pay Debts
- Bona Fide Defence
- Judicial Discretion On Liquidation
- Admission Of Evidence On Appeal