Special Investigating Units and Special Tribunals Act, 1996
R 385
Insolvency Act, 1936 (Act No. 24 of 1936)10. Provisional sequestration |
If the court to which the petition for the sequestration of the estate of a debtor has been presented is of the opinion that prima facie—
(a) | the petitioning creditor has established against the debtor a claim such as is mentioned in subsection (1) of section nine; and |
(b) | the debtor has committed an act of insolvency or is insolvent; and |
(c) | there is reason to believe that it will be to the advantage of creditors of the debtor if his estate is sequestrated, |
it may make an order sequestrating the estate of the debtor provisionally.