Merchant Commercial Finance 1 (PTY) Limited v Berlex 96 CC (2022/17020)
Merchant Commercial Finance 1 (PTY) Limited v Berlex 96 CC (2022/17020) [2025] ZAGPJHC 205; [2025] 2 All SA 570 (GJ) (3 March 2025)
The court found that the applicant failed to make out a case for ex parte relief, as the urgency and imminent liquidation were based on unsubstantiated allegations and conjecture. The applicant did not provide documentary or credible evidence of threats of liquidation by other creditors, nor did it justify deviation from normal court procedures. The applicant also failed in its duty of full and frank disclosure by not informing the court of the prior order, the subsequent return of assets to the respondent, and its lack of entitlement to enforce unregistered bonds. These non-disclosures were…
Source excerpt
- Ex Parte Orders
- Perfecting Notarial Bonds
- Parate Executie
- Full And Frank Disclosure
- Urgent Applications
- Suretyship Liability