Fundstrust (Edms) Bpk (In Likwidasie) v Marais en Andere

JurisdictionSouth Africa
JudgeBrand R
Judgment Date20 May 1996
Citation1997 (3) SA 470 (C)
Docket Number1154/94
Hearing Date16 May 1996
CounselM J Fitzgerald namens die eiser F J Murray namens die eerste verweerder
CourtCape Provincial Division

Brand R:

Voor die likwidasie van Fundstrust (Edms) Bpk ('Fundstrust'), was eerste B verweerder voorsitter van die direksie van die maatskappy. Dit word beweer dat Fundstrust se skulde ten tyde van likwidasie sy bates met R44 miljoen oorskry het. In die onderhawige aksie word, onder meer, gevra vir 'n bevel wat verklaar dat verweerders vir die tekort van R44 miljoen aanspreeklik is. Die gedingsoorsaak is art C 424 van die Maatskappywet 61 van 1973 ('die Wet'). Die aksie word slegs deur eerste verweerder bestry.

Op die eerste dag van die verhoor het mnr Murray, namens eerste verweerder, 'n beswaar in limine geopper, naamlik dat eiser, soos gesiteer, geen locus standi het nie. Die aangeleentheid behoef dringende beregting, aangesien die voortsetting van die verhoor daarvan afhang. D

Soos wat mnr Murray die huidige geskilpunt geformuleer het, raak dit eiser se locus standi. Tydens sy argument, het dit egter geblyk nie die werklike geskilpunt te wees nie. Die werklike geskilpunt het geblyk te wentel om die sitering oftewel die beskrywing van eiser in die besonderhede van vordering. E

In die besonderhede van vordering word eiser soos volg beskryf:

'1.1

Plaintiff is Fundstrust (Pty) Ltd (in liquidation) represented herein by its duly appointed liquidators Ralph Millman, Lawrence J van Stein and Stephen Gore. . . .

1.2

In terms of the provisions of s 396(3)(a) read with s 386(4) of the Companies Act 61 of 1973, the aforesaid liquidators are authorised to F bring these proceedings in the name and on behalf of the plaintiff.'

Mnr Murray se betoog was dat die eiser, soos beskryf, geen locus standi het om ingevolge art 424 te eis nie. Die bepalings van art 424(1) van die Wet, wat in hierdie verband ter sake is, lui soos volg: G

'Wanneer dit blyk, hetsy in likwidasie, geregtelike bestuur of andersins, dat enige besigheid van die maatskappy roekeloos of met die opset om skuldeisers van die maatskappy . . . te bedrieg, of met 'n bedrieglike oogmerk gedryf is of gedryf word, kan die Hof, op aansoek van die Meester, die likwidateur, die geregtelike bestuurder, 'n skuldeiser of lid of kontributant van die maatskappy, verklaar dat 'n persoon wat wetens 'n party was by die dryf H van die besigheid op die voormelde wyse, persoonlik verantwoordelik is, sonder beperking van aanspreeklikheid, vir al of enige van die skulde of ander verpligtinge van die maatskappy soos die Hof gelas.'

Op grond van die sinsnede in art 424 wat in die aanhaling beklemtoon is, was mnr I Murray se betoog dat die maatskappy self nie een van die bemagtigdes is nie en dat, vir die doeleindes van die onderhawige, slegs die likwidateurs 'n eis onder die artikel kon instel. Ter ondersteuning van sy betoog dat die maatskappy as sodanig geen eis ingevolge art 424 het nie, het mnr Murray hom beroep op 'n...

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10 practice notes
  • Imperial Bank Ltd v Barnard and Others NNO
    • South Africa
    • Invalid date
    ...Ltd v André's Motors 2005 (3) SA 39 (N): dictum in paras [15] – [16] applied Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C): C referred Letsitele Stores (Pty) Ltd v Roets and Others 1958 (2) SA 224 (T): referred to Neon and Cold Cathode Illuminations (Pty) Ltd ......
  • Ex parte Liquidator, Vautid Wear Parts (Pty) Ltd (In Liquidation)
    • South Africa
    • Invalid date
    ...Another v Garber: In re Die Boerebank Bpk 1963 (1) SA 806 (W): referred to F Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C): dictum at 474B Ex parte Kaplan and Others NNO: In re Robin Consolidated Industries Ltd 1987 (3) SA 413 (W): discussed Ex parte Millman a......
  • Imperial Bank Ltd v Barnard and Others NNO
    • South Africa
    • Supreme Court of Appeal
    • 28 March 2013
    ...See Shepstone & Wylie and Others v Geyser NO 1998 (1) SA 354 (N), and compare Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C). [†] In para 34(c) — [4] At 14-335. [5] Four Tower Investments (Pty) Ltd v André's Motors 2005 (3) SA 39 (N) para 15; Dumasi v Commissio......
  • Fey NO and Another v Lala Govan Exporters (Pty) Ltd
    • South Africa
    • Invalid date
    ...Vautid Wear Parts (Pty) Ltd (in Liquidation) 2000 (3) SA 96 (W): referred to Fundstrust (Edms) Bpk (in Likwidasie) v Marais 1997 (3) SA 470 (C): referred Luxavia (Pty) Ltd v Gray Security Services (Pty) Ltd 2001 (4) SA 211 (W) ([2001] 2 All SA 506): referred to F Page v Malcomess & Co 1922 ......
  • Request a trial to view additional results
10 cases
  • Imperial Bank Ltd v Barnard and Others NNO
    • South Africa
    • Invalid date
    ...Ltd v André's Motors 2005 (3) SA 39 (N): dictum in paras [15] – [16] applied Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C): C referred Letsitele Stores (Pty) Ltd v Roets and Others 1958 (2) SA 224 (T): referred to Neon and Cold Cathode Illuminations (Pty) Ltd ......
  • Ex parte Liquidator, Vautid Wear Parts (Pty) Ltd (In Liquidation)
    • South Africa
    • Invalid date
    ...Another v Garber: In re Die Boerebank Bpk 1963 (1) SA 806 (W): referred to F Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C): dictum at 474B Ex parte Kaplan and Others NNO: In re Robin Consolidated Industries Ltd 1987 (3) SA 413 (W): discussed Ex parte Millman a......
  • Imperial Bank Ltd v Barnard and Others NNO
    • South Africa
    • Supreme Court of Appeal
    • 28 March 2013
    ...See Shepstone & Wylie and Others v Geyser NO 1998 (1) SA 354 (N), and compare Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C). [†] In para 34(c) — [4] At 14-335. [5] Four Tower Investments (Pty) Ltd v André's Motors 2005 (3) SA 39 (N) para 15; Dumasi v Commissio......
  • Fey NO and Another v Lala Govan Exporters (Pty) Ltd
    • South Africa
    • Invalid date
    ...Vautid Wear Parts (Pty) Ltd (in Liquidation) 2000 (3) SA 96 (W): referred to Fundstrust (Edms) Bpk (in Likwidasie) v Marais 1997 (3) SA 470 (C): referred Luxavia (Pty) Ltd v Gray Security Services (Pty) Ltd 2001 (4) SA 211 (W) ([2001] 2 All SA 506): referred to F Page v Malcomess & Co 1922 ......
  • Request a trial to view additional results
10 provisions
  • Imperial Bank Ltd v Barnard and Others NNO
    • South Africa
    • Invalid date
    ...Ltd v André's Motors 2005 (3) SA 39 (N): dictum in paras [15] – [16] applied Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C): C referred Letsitele Stores (Pty) Ltd v Roets and Others 1958 (2) SA 224 (T): referred to Neon and Cold Cathode Illuminations (Pty) Ltd ......
  • Ex parte Liquidator, Vautid Wear Parts (Pty) Ltd (In Liquidation)
    • South Africa
    • Invalid date
    ...Another v Garber: In re Die Boerebank Bpk 1963 (1) SA 806 (W): referred to F Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C): dictum at 474B Ex parte Kaplan and Others NNO: In re Robin Consolidated Industries Ltd 1987 (3) SA 413 (W): discussed Ex parte Millman a......
  • Imperial Bank Ltd v Barnard and Others NNO
    • South Africa
    • Supreme Court of Appeal
    • 28 March 2013
    ...See Shepstone & Wylie and Others v Geyser NO 1998 (1) SA 354 (N), and compare Fundstrust (Edms) Bpk (in Likwidasie) v Marais en Andere 1997 (3) SA 470 (C). [†] In para 34(c) — [4] At 14-335. [5] Four Tower Investments (Pty) Ltd v André's Motors 2005 (3) SA 39 (N) para 15; Dumasi v Commissio......
  • Fey NO and Another v Lala Govan Exporters (Pty) Ltd
    • South Africa
    • Invalid date
    ...Vautid Wear Parts (Pty) Ltd (in Liquidation) 2000 (3) SA 96 (W): referred to Fundstrust (Edms) Bpk (in Likwidasie) v Marais 1997 (3) SA 470 (C): referred Luxavia (Pty) Ltd v Gray Security Services (Pty) Ltd 2001 (4) SA 211 (W) ([2001] 2 All SA 506): referred to F Page v Malcomess & Co 1922 ......
  • Request a trial to view additional results

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