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AI summary
The judgment concerns an urgent application to stay and then discharge a final liquidation order granted against Firstmile Properties (Pty) Ltd. The court set aside the liquidation order after noting that the creditor's debt had been settled and the respondent consented to discharge of the order.
This may be relevant to insolvency and company liquidation matters, including section 354 of the 1973 Companies Act.
Evidence from source
the applicant sought an urgent stay of a winding up order granted against the second applicant on 8 June 2026
Supports: The matter concerned an urgent stay of a winding up order.
the respondent, who was the creditor at whose instance the winding up order was obtained, had its debt settled to its satisfaction. It consented to a discharge of the winding up order.
Supports: The respondent's debt was settled and it consented to discharge.
The final liquidation order granted against the second applicant on 8 June 2026 in case number 2024/148940 is set aside.
Supports: The court set aside the final liquidation order.