Bassani Mining (Pty) Ltd v Sebosat (Pty) Ltd and Another (191905/20)
Bassani Mining (Pty) Ltd v Sebosat (Pty) Ltd and Another (191905/20) [2020] ZAGPJHC 347 (21 August 2020)
The court found that while Bassani Mining may have a prima facie damages claim against Herman and/or Sebosat for alleged fraud, it failed to provide evidence that the respondents were dissipating assets with the intention of defeating its pending claim. The coal mined by Bassani had already been sold, and there was no proof that current dispositions were intended to thwart execution of a future judgment. The requirements for an anti-dissipation interdict, as set out in Knox D’Arcy Ltd v Jamieson and Others, were not met. The application was therefore dismissed, and costs awarded against the a…
Source excerpt
- Anti Dissipation Interdict
- Interim Relief
- Fraudulent Misrepresentation
- Business Rescue
- Mining Contract Dispute