Pretoria High Court acting judge, Nante Diedericks handed down the judgement even though Daniel claimed that the business could be rescued.
Diedericks gave interested parties until July 11 to show cause as to why the order should not be made final.During the period between the granting of a provisional and final order, notice of the provisional order is given to the company, its employees, potential trade unions involved and SARS.
On the return date, the court may place the company in final liquidation if there is no opposition to the granting of the order.
The applicant, a Pretoria company called Altfund, loaned Mountain View Investments more than R800 000 in 2014. A High Court default judgement indicated that Mountain View owed Altfun…
Read the full article at: https://lowvelder.co.za/466742/fred-daniel-company-provisionally-liquidated/