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 Constitutional Court considered an appeal about an order made under section 20(9) of the Companies Act concerning Trillian companies and TMC. It held that the declaration that the companies were not separate juristic persons was competent, but the liquidation aspects went beyond the powers in section 20(9), so those parts were set aside.
This may be relevant to corporate, insolvency and litigation matters involving section 20(9) orders and rescission proceedings.
Evidence from source
Constitutional Court held veil piercing declaration competent but liquidation aspects exceeded section 20(9) powers
Supports: Summary sentence 2