Judgments

Interesting Judgment: Ragavan & Others v Optimum Coal Terminal & Others

04 April 2023

Members,

Please find attached the SCA judgment, and media summary, handed down on the 31st of March.

The SCA found that the right to vote on the business rescue plan for the debtor company in terms of Sections 151 and 152, vests in the business rescue practitioners of the creditor company and not in the board of the directors.

Kindly sent to us by Haroon Laher of Fasken Inc. and Parveen Munga of Smit Sewgoolam Inc.

Take care
René Bekker
Chief Operating Officer

  Judgment: Ragavan & Others v Optimum Coal Terminal & Others. SCA case no. 136/2022

  Media Statement: Ragavan & Others v Optimum Coal Terminal & Others. SCA case no. 136/2022

 

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