Gupta ruling 'crucial to set rules for future cases'
29 March 2017
Pretoria - Absa argued in the North Gauteng High Court on Wednesday that it is important for the court to rule on Finance Minster Pravin Gordhan’s declaratory order regarding Gupta-owned companies for legal clarity going forward.
The full bench has been questioning why a declaratory order is even required, and why Gordhan didn’t simply apply for an interdict.
Gordhan’s legal team, as well as the banks, have argued that the matter must be determined to provide clearer guidelines for banks and regulatory bodies.
Absa advocate David Unterhalter argued that there are further interests at stake in this relief.