Daffue v Espach and Others (45341/19)
Daffue v Espach and Others (45341/19) [2020] ZAGPPHC 45 (28 January 2020)
The court found that the applicant failed to demonstrate a reasonable prospect of rescuing the companies, particularly as the property company was not financially distressed and the trading company could not operate independently. The deadlock between shareholders persisted despite the appointment of an independent manager, and the lack of trust and confidence justified liquidation on just and equitable grounds. The applicant did not provide good cause for rescission of the liquidation order, and the application for business rescue or rescission was dismissed. The court relied on established…
Source excerpt
- Business Rescue
- Liquidation Of Solvent Companies
- Deadlock Between Shareholders
- Just And Equitable Winding Up
- Rescission Of Liquidation Order