Mango gets extension for business rescue practitioner

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Regulator says ongoing litigation against the embattled budget airline offers grounds for postponement of deadline

Mango was granted an extension to appoint a business rescue practitioner on Tuesday, pending the outcome of a court application by unions to place the embattled budget airline in business rescue.

Lucinda Steenkamp, the senior legal adviser for the Companies and Intellectual Property Commission , told the Johannesburg High Court on Tuesday that ongoing litigation against the airline was grounds for an extension...If you have already registered or subscribed, please sign in to continue.

 

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Mango gets extension to appoint business rescue practitionerThe Companies and Intellectual Property Commission (CIPC) on Tuesday agreed to grant low-cost airline Mango an extension to appoint a business rescue practitioner. They gonna sell it for 200 million SA_Taxis, it's time we pause & give credit to Taxi Owners who against all odds, financial difficulties they remained in the game. No retrenchment, no business rescue nothing. Managing violence might be imperative but big up to Taxi Owners
Herkunft: TimesLIVE - 🏆 28. / 59 Weiterlesen »