oa De Rebus - When does a business rescue practitioner become functus officio? : case note - insolvency
|Article Title||When does a business rescue practitioner become functus officio? : case note - insolvency|
|© Publisher:||Law Society of South Africa|
|Affiliations||1 Smit Sewgoolam Inc and 2 Smit Sewgoolam Inc|
|Publication Date||Mar 2016|
|Pages||34 - 35|
Does a business rescue practitioner (BRP) become functus officio after business rescue proceedings end in terms of s 132 (2)(c)(i) of the Companies Act 71 of 2008 (the Act), namely after the business rescue plan that had been proposed had been rejected? This is the question that the court was tasked to answer in the judgment.
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