(1) Subject to subsections (2) and (3), during a company’s corporate rescue proceedings – (a) the company may dispose, or agree to dispose, of property only- (i) in the ordinary course of its business; or (ii) in a bona fide transaction at arm’s length for fair value approved in advance and in writing by the […]

(1) During corporate rescue proceedings, no legal proceeding, including enforcement action, against the company. or in relation to any property belonging to the company, or lawfully in its possession, may be commenced or proceeded with in any forum. except – (a) with the written consent of the practitioner; or (b) with the leave of the […]