During a company’s corporate rescue proceedings, each holder of any issued security of the company is entitled to –
(a) notice of each Court proceeding, decision, meeting or other relevant event concerning the corporate rescue proceedings: and
(b) participate in any Court proceedings arising during the corporate rescue proceedings; and
(c) formally participate in a company’s corporate rescue proceedings to the extent provided for in this Part; and
(d) vote to approve or reject a proposed corporate rescue plan in the manner contemplated in section 144, if the plan would alter the rights associated with the class of securities held by that person; and
(c) if the corporate rescue plan is rejected, to-

(i) propose the development of an alternative plan, in the manner contemplated in section 145; or

(ii) present an offer to acquire the interests of any or all of the creditors or other holders of the company’s securities in the manner contemplated in section 145.

• According to the Insolvency Act [Chapter 6:07]. PART XXIII: Corporate Rescue