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Rule 22 and Piecemeal Pleadings
- 29th Mar 2022
- Posted by: Barnard Inc
- Categories: Commercial Litigation, Company Law, Court Rulings, Debt Collection, Latest News, Liquidation Application, Litigation, Voluntary Liquidation
No CommentsAbsa Bank Limited instituted action against Marcel Christoffel Meiring for payment in the amount of R1,1 million – an amount that was still outstanding in terms of a sale agreement of Arista CC which had been recently wound up.
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Voluntary liquidation in South Africa
- 7th Jan 2021
- Posted by: Barnard Inc
- Categories: Commercial Litigation, Company Law, Latest News, Voluntary Liquidation
The process of liquidation involves a company (or close corporation) ceasing all trading activities, selling its company assets and then distributing the proceeds to its creditors. There are two options for the voluntary winding-up of a solvent business.