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AI summary
The High Court granted summary judgment in favour of Standard Bank against the respondents for R2 111 892.63, with interest and monthly insurance premiums. The respondents' immovable property was declared executable, with a reserve price set at R1 700 000.00 and the executability order suspended for five months.
This appears to concern mortgage enforcement and execution against a primary residence under Rule 46A.
Evidence from source
The order in paragraphs 3, 4 and 5 above are suspended for a period of 5 (five) months from the date of this order
Supports: Plain summary sentence 2: the executability order was suspended for five months.
A reserve price for the sale of the property in execution is set at an amount of R1 700 000.00
Supports: Plain summary sentence 2: reserve price set at R1 700 000.00.