The High Court in Pretoria dealt with an ex parte application for rehabilitation under section 124(2)(a) of the Insolvency Act. The judge said the application was dismissed on 5 May 2026 and gave reasons on 6 May 2026, including concerns about the completeness of the financial disclosure and the figures in the voluntary surrender process.
This appears to concern rehabilitation applications under the Insolvency Act and the level of disclosure expected in ex parte insolvency proceedings.
Evidence from source
The applicant seeks an order for the rehabilitation of his estate in terms of section 124(2)(a) of the Insolvency Act.
Supports: plain_summary: the matter concerns an ex parte rehabilitation application under the Insolvency Act
On 5 May 2026, I dismissed the applicant’s application for rehabilitation and undertook to furnish reasons for doing so. These are my reasons.
Supports: plain_summary: the application was dismissed and reasons followed
the evidence creates the strong impression that the Court which granted the voluntary surrender order was not placed in possession of accurate and complete information concerning the applicant’s liabilities.
Supports: plain_summary: the reasons refer to concerns about financial disclosure and liabilities