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LML4806 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024

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  • Course
  • Company Law (LML4806)
  • Institution
  • University Of South Africa (Unisa)
  • Book
  • The Law of Business Structures

LML4806 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us ......... Question: 1 Barbara is a business rescue practitioner of Thirsty Elephants (Pt...

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  • July 10, 2024
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  • 2023/2024
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LML4806
Assignment 2 Semester 2 2024
Detailed Solutions, References & Explanations

Unique number:

Due Date: September 2024


QUESTION 1 (2 ANSWERS PROVIDED)

Barbara, as the business rescue practitioner of Thirsty Elephants (Pty) Ltd, can seek to have
the vote of Winelands Packers (Pty) Ltd set aside by applying to the court. According to Section
153(1)(a)(ii) of the Companies Act 71 of 2008, if the business rescue plan is rejected by the
creditors or shareholders, the practitioner may apply to court to set aside the result of the vote
on the grounds that it was inappropriate. In this case, Barbara can argue that the vote by
Winelands Packers is inappropriate and detrimental to the successful rescue of the company.




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