ANC heavyweights face scrutiny over Bosasa ‘benefits’ after court ruling

Then, in an apparent attempt to stop the sale, they launched proceedings the day before to place the companies in business rescue, which would allow them to trade their way out of trouble, and which, if approved, would nullify the liquidation proceedings and, in turn, the auction.Much of the argument in the SCA turned on the interpretation of when a business rescue application is “made”.

“It cannot be said, on a proper conspectus of the papers, that even now there has been compliance or even substantial compliance with the service and notification prescripts. He said the application to stop the auction also ought to have been served on each of the joint liquidators of each of the six companies.

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ANC heavyweights can now face the music over Bosasa bonanza after bombshell SCA judgment | News24Senior ANC officials could now be hauled before a confidential inquiry into Bosasa's affairs after the Supreme Court of Appeal overturned the High Court ruling that effectively suspended liquidation of the company that committed corruption on an 'industrial scale'. Heavy weight in every sense of the word. Excluding Cyril Ramaphosa right? The courts will do absolutely anything to protect that chap The commission is really going believe Agrizzi and Faith Daniels.hebanna
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ANC heavyweights face scrutiny over Bosasa ‘benefits’ after court rulingThe provisional liquidators of African Global Operations, formerly Bosasa, have scored a legal victory, with the Supreme Court of Appeal ruling, effectively, that the liquidation of six companies which scored unlawful contracts from the state can go ahead.
Source: TimesLIVE - 🏆 28. / 59 Read more »

ANC heavyweights face scrutiny over Bosasa ‘benefits’ after court rulingThe provisional liquidators of African Global Operations, formerly Bosasa, have scored a legal victory, with the Supreme Court of Appeal ruling, effectively, that the liquidation of six companies which scored unlawful contracts from the state can go ahead.
Source: TimesLIVE - 🏆 28. / 59 Read more »

ANC heavyweights can now face the music over Bosasa bonanza after bombshell SCA judgment | News24Senior ANC officials could now be hauled before a confidential inquiry into Bosasa's affairs after the Supreme Court of Appeal overturned the High Court ruling that effectively suspended liquidation of the company that committed corruption on an 'industrial scale'. Heavy weight in every sense of the word. Excluding Cyril Ramaphosa right? The courts will do absolutely anything to protect that chap The commission is really going believe Agrizzi and Faith Daniels.hebanna
Source: News24 - 🏆 4. / 80 Read more »