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Industrial Development Corporation of SA Limited and Another v Schroeder N.O and Others (1958/2015) [2015] ZAECMHC 65

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Industrial Development Corporation of SA Limited and Another v Schroeder N.O and Others (1958/2015) [2015] ZAECMHC 65

25th September 2015

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[1] These proceedings concern an application for business rescue in terms of s 131, Chapter 6 of the Companies Act 71 of 2008 (the Act).


[2] As described in the papers, the first applicant is a wholly owned state corporation which is established in terms of s 2 of the Industrial Development Corporation Act 22 of 1940. The second applicant is also a wholly owned state corporation, but which is established in terms of s 2 of the Development Bank of Southern Africa Act 13 of 1997. Both these entities have headquarters in the Province of Gauteng. For the purposes of convenience the applicants will hereinafter be referred to as the IDC and DBSA respectively.

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