Firstrand Bank Limited v Mokoena and Others (35888/2022)
Firstrand Bank Limited v Mokoena and Others (35888/2022) [2024] ZAGPJHC 415 (26 April 2024)
The court held that the special plea of lis alibi pendens was not sustainable because the liquidation application and the present application for payment under the suretyship involved different parties, subject-matter, and causes of action. Liquidation proceedings do not constitute proceedings for the recovery of a debt, and thus the requirements for lis alibi pendens were not met. The doctrine of double jeopardy, while a cornerstone of criminal law, is already reflected in civil law through the plea of res judicata and does not bar the applicant's claim. On the merits, the breaches relied up…
Source excerpt
- Suretyship
- Lis Alibi Pendens
- Double Jeopardy
- Remedial Plan Clause
- Unclean Hands
- Attorney And Client Costs