Randvest Capital Investments (Pty) Ltd and Another v REH Investments (Pty) Ltd (2022/17794)
Randvest Capital Investments (Pty) Ltd and Another v REH Investments (Pty) Ltd (2022/17794) [2025] ZAGPPHC 56 (27 January 2025)
The court held that the exceptions must fail. Regarding Claim A, the court found that s 347(1A) of the 1973 Companies Act does not restrict the jurisdiction to the court hearing the winding up application, nor does it require a prior finding of abuse before damages can be claimed. The provision is broad and does not specify timing or forum limitations. The plaintiff's claim, based on the alleged wrongful and intentional institution of winding up proceedings for ulterior purposes, falls within the ambit of s 347(1A). Regarding Claim B, the court found that the particulars of claim, read as a w…
Source excerpt
- Exception To Pleadings
- Delictual Liability
- Director Duties
- Fiduciary Duty
- Abuse Of Process
- Winding Up Applications