The business rescue practitioners of Islandsite indicated last year they would oppose the confirmation of the restraint order.
Sharma’s assets that form part of the curator’s inventory include his Sandton home valued at more than R12m. After Musi's decision, Ragavan applied for leave to appeal the order that the directors and/or shareholders of Islandsite have no standing to oppose the restraint proceedings without the approval of the business rescue practitioners.
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