Gazit Properties (Pty) Ltd v Botha NO and Others (873/2010)
Gazit Properties (Pty) Ltd v Botha NO and Others (873/2010) [2011] ZASCA 199; 2012 (2) SA 306 (SCA) (23 November 2011)
The Supreme Court of Appeal held that repayments made under valid loan agreements were in the ordinary course of business, despite the debtor’s unlawful banking activities.
- Insolvency Act Section 29
- Ordinary Course Of Business
- Unlawful Banking
- Preferential Payment
- Liquidation
- Contractual Obligation