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 judgment concerns an application to review and set aside a SARB decision that blocked and later declared forfeited US$581 532.00 held by Standard Bank to the credit of the applicant. The court held that the application was brought outside the 90 day period in regulation 22D and dismissed it with costs.
This may be relevant to parties dealing with exchange control forfeiture decisions and the timing requirements for review applications.
Evidence from source
There is no dispute that the present application was instituted outside of the 90 day time period prescribed by regulation 22D supra .
Supports: plain_summary sentence 2
I must therefore uphold the point in limine raised by the SARB. Accordingly, I make the following order: The application is dismissed with costs, on scale C.
Supports: plain_summary sentence 2