August - 2020

The Suspension Of Liquidation Of Proceedings In Terms Of Section 131(6) [1] Preclude The Conduct Of

Does The Suspension Of Liquidation Of Proceedings In Terms Of Section 131(6) [1] Preclude The Conduct Of A Section 417/418 Inquiry? This question was dealt with in a recent decision (unreported as yet) of the High Court [3] where the court (per Petersen AJ) gave its interpretation of paragraphs 15 to 17 and 19 of the Maroos Judgment[4]. These paragraphs read as follows: “[15] Section 131(6) of the Act does not change the status of the company in liquidation nor does it s

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