Cap. 6:07 INSOLVENCY No. 7/2018 Section 123. Objections to company resolution. 124. Court order to commence corporate rescue proceedings. 125. Duration of corporate rescue proceedings. 126. General moratorium on legal proceedings against company. 127. Protection of property interests. 128. Post-commencement finance. 129. Effect of corporate rescue on employees and contracts. 130. Effect on shareholders and directors. Sus-PART B-CORPORArE REscuE PRACTITIONER's FuNCTIONS AND TERMS OF APPOINTMENT 131. 132. 133. 134. 135. 136. Qualifications of practitioners. Removal and replacement of practitioner. General powers and duties of practitioners. Investigation of affairs of company. Directors of company to co-operate with and assist practitioner. Remuneration of practitioner. SUB-PART 137. 138. 139. 140. 141. C- RIGHTS Rights of employees. Participation by creditors. Participation by holders of company's securities. First meeting of creditors. Functions, duties and membership of committees of affected persons. SuB-PART 142. 143. 144. 145. 146. OF AFFECTED PERSONS DURING CORPORATE RESCUE PROCEEDINGS D- DEVELOPMENT AND APPROVAL OF CORPORATE RESCUE PLAN Proposal of corporate rescue plan. Meeting to determine future of company. Consideration of corporate rescue plan. Failure to adopt corporate rescue plan. Discharge of debts and claims. Sus-PARTE-CoMPROMISE WITH CREDITORS 147. Compromise between company and creditors. Sus-PART F-APPUCATION OF PART TO DEBTORS OTHER THAN CoMPANIES 148. Application of Part 23 to debtors other than companies. PART XXIV OFFENCES 149. Offences. PART XXV CROSS- BORDER INSOLVENCIES Sus-PART 150. !51 . 152. 153. 154. 155. 1- INTERPRETATION AND FUNDAMENTAL PRINCIPLES Definitions. Purpose of Part. Scope of application. International obligations of Republic of Zimbabwe. Competent Court. Authorisation of trustee. liquidator, corporate rescue practitioner, curator, or receiver to act in foreign State. 195