“We will continue to pursue this proceeding as a primary initiative of the organisation. I hope that in the time ahead we can propose a Deed of Company Arrangements that will see creditors paid amounts owing to them, from the proceeds that flow from our court case against iNSW
“My primary goal as I look forward to the next year is to win that court case and take the company forward in new directions. I sincerely hope that you will be there with us as we work towards the future.”
Asset sale
Chair of the meeting and co-administrator Craig Shepard said there was expected to be a “significant shortfall” to creditors if the companies in administration were liquidated, following a preliminary review of the group’s financial position.
The 39 …
Read the full article at: https://www.afr.com/property/commercial/grocon-creditors-facing-significant-shortfall-20201209-p56lwu