Griffiths v Climatic Air Conditioning and Refrigeration CC and Others (14/11) [2011] ZAECPEHC 35 (11 August 2011)
Court
Eastern Cape High Court, Port Elizabeth
Case number
14/11
Judge
Nhlangulela
The court found that the relationship between the applicant and the fourth respondent had irretrievably broken down, resulting in a deadlock and exclusion of the applicant from management. The conduct of the fourth respondent was oppressive and unfairly prejudicial, justifying termination of the applicant's membership under s 36 and s 49 of the Close Corporations Act and s 252 of the Companies Act. The applicant was entitled to have his interests valued and transferred to the fourth respondent against payment of a fair price, with indemnification against suretyship liabilities. Liquidation of…