The Tegeta Exploration and Resources has again filed an application for liquidation from the Gupta company, Oakbay Investments.
The Tegeta institution has gone on a hunt for the R402 loan from the Gupta company, which has been in disarray in recent months.
Tegeta claims that the Guptas ‘family business’ Oakbay Investments, as an entity owes him R400m.
In the documents filed with the Johannesburg High Court, Tegeta argues that Oakbay is liquidated as he is not in a position to settle his debts.
The Guptas currently living in the Emirates have already been auctioned off in Johannesburg and sold to pay off outstanding debts, but attempts to get them extradited to SA have been unsuccessful until now.