Cornelio Sunduza and Yvonne Sunduza v The Additional Sheriff of the High Court in Bulawayo and Multiridge Finance (Private) Limited and Nappon Investments (Private) Limited and Registrar of Deeds in Bulawayo N.O.
sale in executionsheriff's confirmationauctionproperty valuation
Tags
sale in executionsheriff's decisionproperty auction
legislation
Statutes Cited
High Court Rules, 1971
High Court Rules, 1971
High Court Rules, 1971
ai analysis
Case Summary
Key Issues
{"issue_text":"Whether the sheriff erred in confirming the sale of the property for $60,000 when the applicants' valuation report valued it at $160,000","issue_type":"mixed","dispositive":"yes","related_facts":"Sale price of $60,000; valuation report of $160,000; property properly advertised and auctioned"}
{"issue_text":"Whether the application was filed timeously under Order 40 Rule 359(8)","issue_type":"procedural","dispositive":"no","related_facts":"Confirmation dated 7 September 2018; amended confirmation 3 October 2018; application filed 19 October 2018"}
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background
Facts of the Case
Background
The applicants sought to set aside the confirmation of sale of their immovable property that was sold at public auction for $60,000. They objected that the price was unreasonably low and presented a valuation report valuing the property at $160,000. The sheriff dismissed their objection and confirmed the sale.
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