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What is Grenco v Hermanus Esplanade Liquidation about?

The case Grenco Projects and Construction CC v Hermanus Esplanade Dev Co (Pty) Ltd involves an application for the provisional liquidation of the respondent due to alleged inability to pay debts, relying on payment certificates from a JBCC construction contract. The court emphasized that such payment certificates are not immune from dispute and that the existence of a bona fide dispute on reasonable grounds can stay liquidation proceedings pending arbitration. Ultimately, the court ruled that the liquidatio

Author

Thapelo

Language

EN