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Gupta-owned company directors lose bid for postponement of restraint proceedings | News24

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The Free State High Court in Bloemfontein has refused to postpone proceedings for the confirmation of an interim restraint order that was granted against a Gupta-owned company in business rescue. | J_chabalala

The interim restraint order was granted against Islandsite Investments - which is owned by the Gupta family - in the same court in June 2021 in favour of the National Prosecuting Authority and Investigating Directorate . It allowed them to restrain assets belonging to alleged Gupta associate Iqbal Sharma, his company Nulane Investments 204 Ltd, and Islandsite Investments 180 Ltd.

Although the Islandsite directors wanted to oppose the application for the interim restraint order, the High Court found that they had "no standing" to do so without the approval of the company's business rescue practitioners.

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Gupta-company directors seek postponement in asset-restraint caseThe bid by the Investigating Directorate (ID) to restrain the assets belonging to former Gupta associate Iqbal Sharma and a company belonging to the Guptas was delayed on Thursday after the directors of Islandsite Investments 180 sought a postponement of the matter
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Gupta-company directors seek postponement in asset-restraint caseThe bid by the Investigating Directorate (ID) to restrain the assets belonging to former Gupta associate Iqbal Sharma and a company belonging to the Guptas was delayed on Thursday after the directors of Islandsite Investments 180 sought a postponement of the matter
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High Court expected to deliver judgment on whether or not to have restraint order application on Gupta assets postponed - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The High Court in Bloemfontein will on Friday morning deliver judgment on whether or not to have the restraint order application on the Gupta assets postponed.
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NPA seeks to restrain Gupta assets - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The National Prosecuting Authority's (NPA) Investigating Directorate has sought that the Bloemfontein High Court issue an order restraining Gupta assets. Hello guys have you heard of accessprimepips options trade where you can make up to r80,000 within 7days of trading if you are interested just drop your whatapp number
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