The Leo Chetty Group, the owner of embattled private higher education institutions Damelin, City Varsity, Icesa and Lyceum College, is closer to being liquidated. That is after is lost its leave to appeal against the Durban High Court’s decision that Nedbank might proceed with legal action without handing over documents sought by the company.

On Wednesday, the court found that the company did not present compelling arguments that a different court would find in its favour...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.