Paarl companies issued with provisional winding-up order
The Western Cape High Court has issued provisional winding-up orders against two companies owned by Paarl businessman Gerhard Meyer.
A Cape Argus report says Meyer is the sole shareholder and director of De Oude Paarl Trading (Pty) Ltd which owns property in Paarl. Meyer’s other company, Castle Ultra 300 (Pty) Ltd, rents the property and sublets it to a commercial tenant at a rental of just more than R107 000 a month, excluding VAT.
Drakenstein municipality acted against both companies over unpaid property rates, service charges and unpaid electricity accounts.
In his ruling, Judge Ashley Binns-Ward said: 'The respondents (the two companies) have not shown that the companies are able to pay their debts. On the contrary, it appears from the papers on a balance of probabilities that they are indebted to the municipality in a sum considerably greater than R104 079.’
According to the court papers, De Oude Paarl Trading (Pty) said the rates were incorrectly assessed and, among other reasons, alleged a failure by the municipality to make the appropriate adjustments after the property in question had been the subject of a consolidation of several erven a few years ago.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
