The Western Province Rugby (Pty) Limited was placed into final liquidation by the Western Cape High Court on Tuesday.
The allegations levelled against Western Province by Aerios (Pty) Limited were found to have no merit and its opposition based on fraud and an abuse of the court process was dismissed by Judge Binns-Ward in his comprehensive judgment.
Judge Binns-Ward also found that the genuine intention of the Union in bringing the liquidation application was the best interests of Western Province Rugby (Pty) Limited’s creditors.
Aerios’s defences to the application were dismissed as being unpersuasive, with no substance.
The liquidators, now duly authorised by the High Court, have taken full control of the business of Western Province Rugby (Pty) Limited and will ensure that the winding-up is proceeded with in the best interests of all of its creditors, employees, players and other stakeholders.