ANCYL to oppose R4m debt case

2014-05-19 20:03
(Picture: Sapa)

(Picture: Sapa)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The ANC Youth League (ANCYL) will fight an application to have it provisionally sequestrated over the R4m debt it owes Gallagher Estate Convention Centre, a lawyer said on Monday.

"The ANCYL was given two weeks to file an opposing affidavit by the South Gauteng High Court in Johannesburg after it indicated over the weekend that it would oppose our application," said Phillip Patlansky, for Gallagher.

Atterbell Investments, trading as Gallagher Estate, said the ANCYL owed it more than R4m for four events it held at the centre in June 2011. In April this year it asked the court to place the ANCYL under final liquidation or provisionally sequestrate it.

According to an affidavit by the convention centre's chief executive Adolf Venter, a default judgment was handed down on the matter in September 2011.

Patlansky said the ANCYL was ordered to file its opposing papers within 15 days, after which Gallagher Estate would have 10 days to file answering affidavits.

"The case was postponed without a date. Legal costs have been reserved," he said.

In March, another liquidation case against the league was settled out of court.

South Gauteng High Court Judge Phillip Boruchowitz discharged a provisional liquidation order made in November last year.

The original liquidation order against the league was applied for by Bloemfontein events company Z2 Presentations, which had originally been tasked with running the ANCYL's 2008 national conference in the Free State.

The conference left the company R15m out of pocket after the league did not pay its bill.

A hotel, trading as Palanquin Hospitality Management and based in Bloemfontein, claimed R1.5m from the ANCYL, lawyer Steven van Rensburg said during a new court application in January.

Palanquin, which is in liquidation, provided accommodation for the conference delegates.

Read more on:    ancyl  |  johannesburg

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
33 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
SPONSORED CONTENT
4 real car inventions that seem like science fiction

Vehicle design and tech have come so far so fast, that what seemed impossible has become reality. These are some of the fun and exciting innovations that have found their way into vehicle tech.

/News
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
Horoscopes
Aquarius
Aquarius

You are active, busy and on a mission today. There may be a special person you wish to entertain and may put in the extra effort...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.