Prinsloo v The Master of the High Court and Others (28039/2017)
Prinsloo v The Master of the High Court and Others (28039/2017) [2021] ZAGPJHC 594 (3 November 2021)
The court found that the liquidators failed to act independently and impartially, adopted a biased approach favouring the fifth respondent, and did not properly investigate the claims and assets of PMC Waterproofing and Roofing CC. The cumulative effect of their conduct, measured against their fiduciary obligations, justified their removal. The Master's decision to admit the claim of Stand 244 Hughes Ext 29 CC was set aside due to insufficient supporting documentation and lack of proper investigation, while the rejection of the applicant's claims was upheld as the claim forms were incomplete…
Source excerpt
- Removal Of Liquidators
- Promotion Of Administrative Justice Act
- Creditors Meetings
- Fiduciary Duties
- Review Of Master Decisions
- Company Winding Up