WATCH: Gupta Business Rescue Practitioners to represent them in court

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The Business Rescue Practitioners of the Gupta-owned company Islandsite have the legal standing to represent the company in legal proceedings but not the directors of the company the Bloemfontein High Court ruled on Wednesday.

This comes after the National Prosecuting Authority’s Investigating Directorate (ID) brought a successful application to restrain the assets of Iqbal Sharma, his company Nulane Investments Ltd and Islandsite Investments Ltd which belongs to Atul and Rajesh Gupta and their wives, Chetali and Arti Gupta. The ID filed the application in June 2021.

ID spokesperson Sindisiwe Seboka said a Judge of the Bloemfontein High Court had delivered an order electronically on Wednesday which had confirmed the legal position of Knoop and Klooper.