Gupta company directors lose court bid – assets remain under restraint

The matter was set to be heard on Thursday for the business rescue practitioners for Islandsite, Sharma and his company Nulane Investment to show cause why the provisional restraint order should not be confirmed pending the criminalOn Friday, acting judge Neil Snellenburg said he would provide written reasons for dismissing the postponement application on Monday.

“The interim restraint order remains in force until the next court hearing on October 20-21, when the confirmation hearing is expected to be heard,” ID spokesperson Sindisiwe Seboka said. She said the assets under restraint include property of Sharma and his wife, his United Arab Emirates-registered company, Issar Global, as well as all property of Islandsite.Sharma’s assets that form part of the curator’s inventory include his Sandton home valued at more than R12m, movable property valued at R500 000, a Porsche and a R1.3m sectional title home in Sandton., Cape Town, and a R12m house in Saxonwold, Johannesburg.

Why do we still hearing about this POESES in this cowtree since RM can’t bring them back 🥺🥺🥺

M F

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gupta company directors lose court bid as assets remain under restraintActing judge Neil Snellenburg says he will provide written reasons for dismissing the postponement application on Monday
Source: BDliveSA - 🏆 12. / 63 Read more »

Gupta-owned company directors lose bid for postponement of restraint proceedings | News24The 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 J_chabalala Wrong picture, that's the other case J_chabalala I never believe in making money online before but since I started seeing different people testifying about evelymiddleton ,i was so interested in to investing with her because all friends who Invested have all received their profits successfully and so do I evelymiddleton
Source: News24 - 🏆 4. / 80 Read more »

Restraint order of Gupta-owned company assets to remain in effect until OctoberThe order was granted in terms of the Prevention of Organised Crimes Act last year. Not everything about guptas were wrong yes maybe there were corrupt,for starters guptas have revealed that the apartheid beneficiaries don't want competition the want to own us the poor Africans& government ppl. I don't like apartheid beneficiaries but I compromise 4 survival.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

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
Source: SowetanLIVE - 🏆 13. / 63 Read more »

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
Source: TimesLIVE - 🏆 28. / 59 Read more »