Investec Bank v Strydom and Others (45664/2012)
Investec Bank v Strydom and Others (45664/2012) [2013] ZAGPJHC 59 (28 March 2013)
The court found that two procedural defects occurred: the liquidation and distribution account was available for inspection at the incorrect venue, and the liquidator failed to transmit notice to the applicant creditor by registered post as required by the Companies Act and its regulations. These defects deprived the applicant of the opportunity to object to the account, resulting in substantial injustice. The failure to use registered post meant the date of posting and actual notification could not be established, undermining the applicant's rights. The court held that the confirmation of th…
Source excerpt
- Liquidation And Distribution Account
- Procedural Irregularity
- Creditor Notification
- Preferential Rights
- Review Of Master Decision