This is an AI-generated summary of a selected monitored public legal source and may omit context. It is general information only, not legal advice, and is not a substitute for reading the source or consulting an attorney.
AI summary
The High Court considered an application by ASI Capital for security for costs in an action brought by TMS Pro Property Management. It ordered TMS to furnish security, with the form, amount and manner to be determined by the Registrar, and stayed the action pending that security being furnished.
This may be relevant to close corporation litigation where security for costs is sought and the court refers the amount to the Registrar.
Evidence from source
TMS Pro Property Management CC is to furnish security for the costs of ASI Capital (Pty) Ltd in the action under case number 2025-026341.
Supports: plain_summary sentence 2
ASI Capital (Pty) Ltd is to approach the Registrar within ten days of this order for that determination.
Supports: deadline_detected and plain_summary sentence 2