Jacobus v Tracy N.O. and Others (10387/2022)
Jacobus v Tracy N.O. and Others (10387/2022) [2023] ZAGPJHC 1118 (3 April 2023)
The court held that condonation for the late filing of the application should be granted, as the delay was minimal, explained, and caused no prejudice. The application to set aside the Master’s ruling was dismissed except in relation to the provision of supporting documentation. The court found that the liquidators failed to provide adequate supporting documents for certain expenses listed in the liquidation and distribution account, particularly those in annexure FA9 and the payment for 'compliance certificates.' The Master’s ruling was set aside to the extent that the account was incomplete…
Source excerpt
- Liquidation And Distribution Account
- Personal Liability Of Liquidators
- Condonation
- Remuneration Of Liquidators
- Supporting Documentation
- Close Corporations