UPDATE: Diploma Group boss Nick Di Latte says the company will continue to push forward with its proposal to revive the company and provide a return to creditors, after provisional liquidators were appointed to 20 Diploma-related entities today.
Justice Neil McKerracher of the Federal Court today lifted a stay on the appointment of liquidators from Grant Thornton onto the Diploma-related companies, consigning the collapsed company to being wound up.
Two weeks ago, Diploma Group was given more time to finalise a Deed of Company Arrangement, which it maintained was the best way forward to provide a return to creditors, who were owed more than $36 million at the time of the companys January collapse.
Grant Thorntons David Hodgson and Andrew He…
Read the full article at: https://www.businessnews.com.au/article/Diploma-maintains-faith-despite-liquidation-order