Sostenus Wilherm
A N$97.2 million debt dispute between The Spar Group Limited and businessman Herman Nekomba has shifted to his insolvent estate, with the High Court ordering that his trustees take over his role in the litigation.
The High Court on Tuesday ordered that Nekomba be removed from the proceedings in his personal capacity and replaced by the trustees of his insolvent estate, William de Villiers Schickerling and Ian Robert McLaren.
The court further ordered that Omuthiya Classic Investments CC, trading as Omuthiya Build It, be represented by Schickerling and McLaren in their capacities as liquidators of the company.
The orders do not resolve the underlying dispute, but allow Spar’s…