(1) A business rescue plan may provide that, if it is implemented in accordance with its terms and conditions, a creditor who has acceded to the discharge of the whole or part of a debt owing to that creditor will lose the right to enforce the relevant debt or part of it.
(2) If a business rescue plan has been approved and implemented in accordance with this Chapter, a creditor is not entitled to enforce any debt owed by the company immediately before the beginning of the business rescue process, except to the extent provided for in the business rescue plan.
Business rescue provisions in Chapter 6 of the Companies Act No. 71 of 2008
(323k).
Ondernemingreddingbepalings in Hoofstuk 6 van die Maatskappywet No. 71 of 2008
(333k).
Business rescue provisions in Chapter 6 of the Companies Amendment Act No. 3 of 2011
(279k).
Business rescue provisions in Chapter 6 of the Companies Amendment Act No. 3 of 2011 (English/Afrikaans version)
(792k).
Business rescue provisions in Chapter 6 of the unofficial LexisNexis Consolidated Companies Act
(105k).
Business rescue provisions in Chapter 6 of the Companies Regulations, 2011
(62k).
Companies Act No. 71 of 2008
(829k).
Mastskappywet No. 71 of 2008
(545k).
Companies Amendment Act No. 3 of 2011
(2 000k).
Companies Amendment Act No. 3 of 2011 (English/Afrikaans version)
(5 920k).
Unofficial LexisNexis Consolidated Companies Act
(945k).
Companies Regulations, 2011
(951k).