RM Beton CC v RCS Formcon (Pty) Ltd (3063/2021)
RM Beton CC v RCS Formcon (Pty) Ltd (3063/2021) [2022] ZAFSHC 71 (4 February 2022)
The court found that the respondent's refusal to pay the applicant's account was not based on legitimate or bona fide grounds. The respondent's alleged counterclaim was not supported by any instituted action and did not constitute a genuine dispute of the debt. The respondent had acknowledged the debt and its inability to pay at the time it was due. The applicant was not required to prove insolvency, and the respondent's financial statements did not negate its admission of inability to pay. The statutory letter of demand was deemed properly delivered, as the respondent had received and replie…
Source excerpt
- Winding Up Of Company
- Statutory Letter Of Demand
- Company Insolvency
- Counterclaim Defence