South Africa Case Law

Ilic v Parginos (55/83)

Ilic v Parginos (55/83) [1984] ZASCA 164; [1985] 1 All SA 467 (A) (30 November 1984)

Court

Supreme Court of Appeal

Case number

55/83

Judges

Wessels, Jansen, Cillié, Smalberger, Vivier

The court held that a composition under the Insolvency Act binds all concurrent creditors, even those who did not prove or vote, and reduced the award accordingly.

• Insolvency Act Composition
• Concurrent Creditors
• Statutory Novation
• Contractual Interpretation
• Insolvency-act-composition
• Concurrent-creditors