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LML4806 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED CA$4.02   Add to cart
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LML4806 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
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  • Course
  • Company Law (LML4806)
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  • University Of South Africa (Unisa)
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  • The Law of Business Structures

Well-structured LML4806 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... Question: 1 Barbara is a business rescue practitioner of Thirsty Elephants (Pty) Ltd, a company that is under business rescue. She convenes a meeting of the c...

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  • July 10, 2024
  • 6
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • lml4806

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  • LML4806 Assignment 2 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
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LML4806
Assignment 2 Semester 2 2024
Unique Number:
Due Date: 2024

QUESTION 1 (2 ANSWERS PROVIDED)

Barbara may apply to the court to set aside Winelands Packers (Pty) Ltd's vote against the
adoption of the business rescue plan, based on the provisions of the Companies Act 71 of 2008
and relevant case law. According to Section 153 of the Act, if a business rescue plan is rejected
by the creditors, the business rescue practitioner may:

1. Seek approval from the creditors for a revised plan.

2. Apply to the court to set aside the result of the vote on the grounds that the vote was
inappropriate or unreasonable.
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