Business Rescue Practitioner definition

Business Rescue Practitioner or “BRP” means Myburgh duly appointed by the Company as business rescue practitioner and certified in terms of Section 138 of the Act by CIPC being a Senior Business Rescue Practitioner as defined in Regulation 126 to the Act;
Sample 1Sample 2Sample 3
Business Rescue Practitioner shall have the meaning ascribed thereto in section 128 of the Companies Act; 2.3.2.11 a “calendar month” shall be construed as a named month, i.e. January, February, March, April, May, June, July, August, September, October, November and December;
Sample 1Sample 2Sample 3
Business Rescue Practitioner means a person appointed, or two or more persons appointed jointly, in terms of Chapter 6 of the Companies Act, 2008 (Act 71 of 2008) to oversee a company during business rescue proceedings in terms of that Act;
Sample 1Sample 2Sample 3

Examples of Business Rescue Practitioner in a sentence

  • Johannes Frederick Klopper was appointed as interim Business Rescue Practitioner in terms of Section 131(5) of the Act by the Western Cape High Court, Cape Town on 30th January 2013, licensed by the Commission on 5th February 2013 and appointed as business rescue practitioner to the Company on 5th February 2013.

  • The property was sold by the Business Rescue Practitioner (BRP) on a public auction for R2.5 million subject to confirmation.

  • The CoR123.2 Notice of Appointment of Business Rescue Practitioner was duly filed with the CIPC and senior business rescue practitioner Thomas George Nell, and business rescue practitioner Tania Maria Lopes, were duly appointed as the joint Business Rescue Practitioners of Gerardo effective 19 June 2023 (see Annexure “A2”).

  • The Group guaranteed Megatron SA Proprietary Limited’s debts to Standard Bank and all receipts flowing to Megatron SA Proprietary Limited were ceded in terms of a cession and pledge.The Business Rescue Practitioner has confirmed to the Group that they will not be pursuing their claim on behalf of Megatron SA Proprietary Limited and the loan has been released at year-end.

  • As such the direct employment opportunities provided by Gerardo is one of the primary considerations that the Business Rescue Practitioner constantly evaluated during the formulation of the proposed Business Rescue Plan.


More Definitions of Business Rescue Practitioner

Business Rescue Practitioner means a person appointed, or two or more persons appointed jointly, in terms of this Chapter to oversee a company during business rescue proceedings and ‘practitioner’ has a corresponding meaning; 30
Sample 1Sample 2Sample 3
Business Rescue Practitioner shall have the meaning ascribed thereto in section 128 of the Companies Act;
Sample 1Sample 2Sample 3
Business Rescue Practitioner means Xxxxxx Xx Xxxxxxxx Xxxxxxxx in his capacity as the duly appointed Business Rescue Practitioner of Citeaux Estates (Pty) Ltd (Under Business Rescue)
Sample 1Sample 2
Business Rescue Practitioner means Ivan Plurat Uttley, duly appointed by the Company as Business Rescue Practitioner and certified in terms of Section 138 of the Act by the Commission, being a Senior Business Rescue Practitioner as defined in Regulation 126 of the Act
Sample 1
Business Rescue Practitioner means Mr. Liebenberg Dawid Ryk van der Merwe (“Mr. van der Merwe”), Unit B5 Clearview Office Park, Wilhelmina Avenue, Constantia Kloof, Roodepoort, 1724;
Sample 1
Business Rescue Practitioner means Xx. Xxxxxx Xx Villiers Berrange N.O. in his capacity as the duly appointed Business Rescue Practitioner.
Sample 1
Business Rescue Practitioner means Xxxx Xxxxxx N.O. in his capacity as the Business Rescue Practitioner of Xxxx Group Proprietary Limited, Registration number: 2015/044617/07.
Sample 1