Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd

JurisdictionSouth Africa
JudgeVan Loggerenberg AJ
Judgment Date31 October 2012
Citation2013 (1) SA 522 (GNP)
Docket Number63748/2011
Hearing Date29 October 2012
CounselMA Badenhorst SC for the applicants. WF Pienaar for the respondent.
CourtNorth Gauteng High Court, Pretoria

Van Loggerenberg AJ:

[1] On 29 October 2012 this case came before me as the extended return I date of a provisional liquidation order granted by Murphy J on 20 July 2012. The order granted on that date reads as follows:

'1.

That Panamo Properties 49 (Pty) Ltd (hereinafter referred to as the respondent) and all other interested parties be and they are hereby called upon to show cause, if any, to this honourable court on 28 August 2012 at 10:00 or as soon thereafter as the matter may J be heard why the respondent should not be wound-up.

van Loggerenberg AJ

2.

That this order shall operate as an order provisionally winding-up A the respondent compulsorily.

3.

That the respondent and all other interested parties be and are hereby called upon to show cause if any to this honourable court on 28 August 2012 at 10:00 or as soon thereafter as the matter may be heard, as to why any voluntary winding-up, implemented in respect of the respondent, should not be set aside. B

4.

That this order shall be served forthwith upon the respondent at its registered office and a copy of this order shall be published in the Government Gazette and once in the Citizen newspaper.'

[2] It is common cause that:

[2.1]

The respondent owes an amount of R9 578 945 plus interest C thereon calculated from 1 October 2009 to the first to eighth applicants, all of which are under curatorship (and of which the ninth to eleventh applicants are the duly appointed curators), jointly and severally.

[2.2]

The respondent is commercially insolvent.

[2.3]

The provisional order was duly served on the respondent and D advertised in the Government Gazette and the Citizen.

[3] It is also...

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6 practice notes
  • Pilot Freight (Pty) Ltd v Von Landsberg Trading (Pty) Ltd
    • South Africa
    • Gauteng Local Division, Johannesburg
    • 25 July 2014
    ...Another Intervening) 1978 (1) SA 70 (D): referred to Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd 2013 (1) SA 522 (GNP): referred to F EB Steam Co (Pty) Ltd v Eskom Holdings Soc Ltd 2015 (2) SA 526 (SCA) ([2014] 1 All SA 294): dicta in paras [22] – [23] Gil......
  • Pilot Freight (Pty) Ltd v Von Landsberg Trading (Pty) Ltd
    • South Africa
    • Invalid date
    ...Another Intervening) 1978 (1) SA 70 (D): referred to Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd 2013 (1) SA 522 (GNP): referred to F EB Steam Co (Pty) Ltd v Eskom Holdings Soc Ltd 2015 (2) SA 526 (SCA) ([2014] 1 All SA 294): dicta in paras [22] – [23] Gil......
  • Sphandile Trading Enterprise (Pty) Ltd and Another v Hwibidu Security Services CC and Others
    • South Africa
    • Invalid date
    ...Govender and Another 2013 (4) SA 600 (KZD): followed Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd H 2013 (1) SA 522 (GNP): not followed Court v Standard Bank of SA Ltd; Court v Bester NO and Others 1995 (3) SA 123 (A): applied Gungudoo v Hannover Reinsuranc......
  • EB Steam Co (Pty) Ltd v Eskom Holdings SOC Ltd
    • South Africa
    • Invalid date
    ...Collieries Ltd v Truter 1990 (1) SA 1 (A): referred to Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd 2013 (1) SA 522 (GNP): Court v Standard Bank of SA Ltd; Court v Bester NO and Others 1995 (3) SA 123 (A): followed C Ekurhuleni Metropolitan Municipality v G......
  • Request a trial to view additional results
6 cases
  • Pilot Freight (Pty) Ltd v Von Landsberg Trading (Pty) Ltd
    • South Africa
    • Gauteng Local Division, Johannesburg
    • 25 July 2014
    ...Another Intervening) 1978 (1) SA 70 (D): referred to Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd 2013 (1) SA 522 (GNP): referred to F EB Steam Co (Pty) Ltd v Eskom Holdings Soc Ltd 2015 (2) SA 526 (SCA) ([2014] 1 All SA 294): dicta in paras [22] – [23] Gil......
  • Pilot Freight (Pty) Ltd v Von Landsberg Trading (Pty) Ltd
    • South Africa
    • Invalid date
    ...Another Intervening) 1978 (1) SA 70 (D): referred to Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd 2013 (1) SA 522 (GNP): referred to F EB Steam Co (Pty) Ltd v Eskom Holdings Soc Ltd 2015 (2) SA 526 (SCA) ([2014] 1 All SA 294): dicta in paras [22] – [23] Gil......
  • Sphandile Trading Enterprise (Pty) Ltd and Another v Hwibidu Security Services CC and Others
    • South Africa
    • Invalid date
    ...Govender and Another 2013 (4) SA 600 (KZD): followed Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd H 2013 (1) SA 522 (GNP): not followed Court v Standard Bank of SA Ltd; Court v Bester NO and Others 1995 (3) SA 123 (A): applied Gungudoo v Hannover Reinsuranc......
  • EB Steam Co (Pty) Ltd v Eskom Holdings SOC Ltd
    • South Africa
    • Invalid date
    ...Collieries Ltd v Truter 1990 (1) SA 1 (A): referred to Corporate Money Managers (Pty) Ltd and Others v Panamo Properties 49 (Pty) Ltd 2013 (1) SA 522 (GNP): Court v Standard Bank of SA Ltd; Court v Bester NO and Others 1995 (3) SA 123 (A): followed C Ekurhuleni Metropolitan Municipality v G......
  • Request a trial to view additional results

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