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AI summary
The Supreme Court of Appeal considered whether eight payments made by Cape Basic Products (Pty) Ltd to Blue Label Distribution (Pty) Ltd after provisional liquidation were void dispositions under section 341(2) of the Companies Act 61 of 1973. It also considered whether Blue Label was the true disponee of the payments or acting as a collecting agent. The appeal was dismissed with costs.
This appears to concern liquidation payments and the wording of section 341(2) of the Companies Act 61 of 1973.
Evidence from source
The appeal is dismissed with costs.
Supports: plain summary sentence 3