Ex parte Oosthuizen 2012

Ex parte Oosthuizen [2012] 4 All SA 408 (NWM)

Sec 124(5) Rehabilitation - Limitation of a claim relaying on security.

If a creditor relies exclusively on the proceeds of the security, the claim will be considered as limited and settled despite initially being proved for a lager amount or a shortfall being indicated in the L&D Account. It replaces the previously cited at Ex parte Van Zyl 1991 (2) SA 313 (C); [1991] 4 All SA 218 (C) at 314D-315B.

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