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22 May 2015

Banking And Finance [2015] ZASCA 72

Lodhi 5 Properties Investments CC and Others v Firstrand Bank Limited (170/2014)

Lodhi 5 Properties Investments CC and Others v Firstrand Bank Limited (170/2014) [2015] ZASCA 72; [2015] 3 All SA 32 (SCA) (22 May 2015)

Court: Supreme Court of Appeal
Case number: 170/2014
Judges: Maya, Majiedt, Pillay, Mbha, Schoeman

The SCA upheld the winding-up orders and held that the bank could recover the outstanding capital, with mora interest on the reduced amount owed by Mr Lodhi.

Interest Free Loans
Winding Up
Suretyship Liability
Mora Interest
Shariah Compliance
Restitution

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9 Dec 2013

Banking And Finance [2013] ZAGPPHC 515

First Rand Bank Ltd v Lodhi 5 Properties Investments CC and Others (38326/11)

First Rand Bank Ltd v Lodhi 5 Properties Investments CC and Others (38326/11) [2013] ZAGPPHC 515 (9 December 2013)

Court: North Gauteng High Court, Pretoria
Case number: 38326/11
Judge: Molefe

High Court granted final winding-up orders against two Lodhi entities and entered judgment against the surety, rejecting Shari’ah and prescription defences.

Winding Up Of Companies
Suretyship Liability
Commercial Insolvency
Shariah Compliance
Prescription Of Debt
Agency Agreement

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Lodhi 5 Properties Investments CC and Others v Firstrand Bank Limited (170/2014)

First Rand Bank Ltd v Lodhi 5 Properties Investments CC and Others (38326/11)