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18 Apr 2012

Commercial And Corporate [2012] ZAWCHC 33

Gormley v West City Precinct Properties (Pty) Ltd and Another, Anglo Irish Bank Corporation Ltd v West City Precinct Properties (Pty) Ltd and Another (19075/11, 15584/11)

Gormley v West City Precinct Properties (Pty) Ltd and Another, Anglo Irish Bank Corporation Ltd v West City Precinct Properties (Pty) Ltd and Another (19075/11, 15584/11) [2012] ZAWCHC 33 (18 April 2012)

Court: Western Cape High Court, Cape Town
Case number: 19075/11, 15584/11
Judge: Traverso

The court dismissed a business rescue application for West City Precinct Properties and ordered provisional liquidation, finding no bona fide rescue plan or statutory basis.

Business Rescue
Company Liquidation
Secured Creditor Rights
Creditors Voting Interest
Moratorium On Debt
Section 128 Companies Act

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Gormley v West City Precinct Properties (Pty) Ltd and Another, Anglo Irish Bank Corporation Ltd v West City Precinct Properties (Pty) Ltd and Another (19075/11, 15584/11)