Geldenhuys and Others v Orthotouch Limited and Others (42334/2014) [2025] ZAGPJHC 743 (24 July 2025)

45 Reportability
Insolvency Law

Brief Summary

Companies — Liquidation — Application for liquidation of companies — Applicants seeking to wind up Highveld Companies on grounds of inability to pay debts — Legal issue of whether the companies were indeed unable to pay their debts as per the requirements of the Companies Act — Court held that the evidence presented substantiated the claims of insolvency, thus granting the application for liquidation.

REPUBLIC OF SOUTH AFRICA
IN THE HIGH COURT OF SOUTH AFRICA
GAUTENG LOCAL DIVISION, JOHANNESBURG
CASE NO: 42334/2014
DOH: 7 and 8 November 2024
DATE OF FINAL HEADS: 24 January 2025 (Reserved)
(1) REPORTABLE: YES > ,
(2) ol TO OTHER JUDGES: YES/NO’)
(3) Revi D. _
SIGNATURE DATE
In the matter between:
JURIE JOHANNES GELDENHUYS First Applicant
ARTHUR BRADY COCHRANE Second Applicant
SHARON ANN VLOK Third Applicant
BRIAN JOHN WAXHAM Fourth Applicant

2
CHRIS NEL Fifth Applicant
HYMIE PINSHAW Sixth Applicant
FRANCOIS STRAUSS Seventh Applicant
LEA MAGDALENA MEYER Eighth Applicant
And
ORTHOTOUCH LIMITED First Respondent
DEREK PEDOE COHEN N.O. Second Respondent
HANS KLOPPER N.O. Third Respondent
HIGHVELD SYNDICATION NO 15 LTD Fourth Respondent
HIGHVELD SYNDICATION NO 16 LTD Fifth Respondent
HIGHVELD SYNDICATION NO 17 LTD Sixth Respondent
HIGHVELD SYNDICATION NO 18 LTD Seventh Respondent
HIGHVELD SYNDICATION NO 19 LTD Eighth Respondent
HIGHVELD SYNDICATION NO 20 LTD Ninth Respondent
HIGHVELD SYNDICATION NO 21 LTD Tenth Respondent
HIGHVELD SYNDICATION NO 22 LTD Eleventh Respondent
("the Highveld Companies’)
NICOLAS GEORGIOU Twelfth Respondent

C}
ZEPHAN PROPERTIES (PTY) LTD Thirteenth
Respondent
NICOLAS GEORGIOU N.O. Fourteenth
Respondent
MAUREEN LYNETTE GEORGIOU N.O. Fifteenth Respondent
JOSEPH CHEMALY N.O. Sixteenth Respondent
GEORGE NICOLAS GEORGIOU Seventeenth Respondent
MICHAEL NICOLAS GEORGIOU Eighteenth Respondent
HENDRIK JACOBI-IS MYBURGH Nineteenth Respondent
BOSMAN & VISSER (PTY) LTD Twentieth Respondent
PICKVEST (PTY) LTD Twenty-first Respondent
HEINRICH PIETER MOLLER Twenty-second
Respondent
WILLEM MORKEL STEYN Twenty-third Respondent
BAREND STEFANUS VAN DER LINDE Twenty-fourth Respondent
FREDERICK JULIUS REICHEL Twenty-fifth Respondent
EUGENE KRUGER INC. Twenty-sixth Respondent
THE COMPANIES AND INTELLECTUAL Twenty-seventh
PROPERTY Respondent
COMMISSION OF SOUTH AFRICA (CFC)