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High Court 'reverses' Bosasa liquidation

14th March 2019 BY: News24Wire

The Gauteng High Court in Johannesburg has declared the special resolutions that was taken by Bosasa's board to place the company into voluntary liquidation null and void.

On February 12, the company's board voluntarily placed the company under liquidation. Soon after, liquidators Cloete Murray, Ralph Lutchman and Tania Oosthuizen among others were appointed to run the company.

The court has also declared that the liquidators must surrender control of the company back to its directors within 12 hours. 

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EDITED BY: News24Wire
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