Federal Court proceedings for the ailing Channel Ten, which went into voluntary administration in June, are expected to continue on Friday.
Justice David O’Callaghan will deliver a judgment following a hearing in Melbourne in July in which administrator KordaMentha was granted a 120-day extension to its administration period.
That means creditors now have until November 20 to hold their second meeting and decide if it’s possible to recapitalise.
Also in July’s hearing, concerns were raised about a perceived conflict of interest on KordaMentha’s part.
KordaMentha lodged July’s proceedings in a bid to ameliorate such a perception given the company had earned nearl…
Read the full article at: https://thewest.com.au/news/crime/channel-ten-case-returns-to-federal-court-ng-s-1758525