Moabi and Others v Amogelang Logistics CC and Others (Reasons) (2024-142409)
Moabi and Others v Amogelang Logistics CC and Others (Reasons) (2024-142409) [2025] ZAGPPHC 178 (25 February 2025)
The applicants failed to establish a reasonable prospect of rescuing Amogelang Logistics CC. The contracts relied upon were either invalid or incomplete, and the financial information provided was inconsistent and unsubstantiated. The liquidators' report, admitted as hearsay under section 3(1)(c) of the Law of Evidence Amendment Act, raised serious concerns about questionable transactions, tax non-compliance, and the true state of the company's assets and liabilities. Statutory protections for employees under liquidation were found to be sufficient, and the applicants did not counter the evid…
Source excerpt
- Business Rescue
- Companies Act Section 131
- Liquidation Procedure
- Preferential Claims In Liquidation
- Abuse Of Process