True. The purpose of business rescue proceedings in South Africa is indeed to provide a balance between the interests of a financially distressed debtor company and its creditors. The aim is to rehabilitate the company and ensure its survival, while also addressing the claims of creditors in a fair manner. This process is governed by the Companies Act of 2008.
the purpose of business rescue proceeding is to provide a reasonable balance between the interest pf a debtor company in fanacial difficulty and its creditors im south africa
true or false
1 answer
1 answer