SA Madiba (Pty) Ltd and Another v Finrite Administration (Pty) Ltd and Others (A5029/2022)
SA Madiba (Pty) Ltd and Another v Finrite Administration (Pty) Ltd and Others (A5029/2022) [2023] ZAGPJHC 716 (15 June 2023)
The appeal court found that the court of first instance failed to properly consider material factual disputes in both applications. The existence of real disputes of fact regarding the alleged misrepresentation and the conclusion of the oral agreement meant that the matters could not be resolved on motion proceedings. The applicants proceeded by way of application despite clear disputes, and did not seek referral to oral evidence or trial. The appeal court held that the findings of fraud and delinquency were unsustainable on the papers, and that the applications should have been dismissed wit…
Source excerpt
- Shareholder Disputes
- Misrepresentation
- Delinquent Director
- Motion Proceedings
- Oral Agreement
- Pre Emption Rights