COURT BATTLES
Business rescue practitioners put up fight for Gupta-linked firms
Optimum’s former management has brought 13 urgent applications to disrupt the business rescue process, say practitioners
As the executives, managers and others associated with Optimum Colliery argue why they were not in contempt of court, the business rescue practitioners of eight Gupta-linked companies are fending off another attempt to remove them. In just one of many legal challenges, the business rescuers are in court again to rebuff an attempt to dislodge them from saving the eight companies, an exercise that has uncovered the woeful financial situation at Optimum Colliery, dodgy tax dealings and the attempted sale of the company. The business rescuers said there had been 13 urgent applications bought by Optimum’s former management to disrupt the business rescue process. Meanwhile, Salim Essa, a director of VR Laser whose name came up in the State of Capture report by former public protector Thuli Madonsela, and George van der Merwe, a director of Shiva Uranium and Tegeta Exploration and Resources, along with 12 others including their lawyers, will have to explain on Tuesday why they considered t...
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