There is information lacking on assets that sit outside the group … creditors could be better offer if these loans [to Mr Grollo] can be clawed back.
Chair of the meeting Craig Shephard from KordaMentha argued strongly against an adjournment, saying it would not result in further clarity creditors and would cost money.
But Mr Grollo said he supported it, as did the ATO, which is owed $14.4 million, and fund manager Impact. Mr Shephard used his powers as chair to enforce the adjournment.
Addressing the meeting earlier, Mr Grollo again blamed Infrastructure NSW for the appointment of administrators and said his hand had been forced by the state government entity.
The DOCA is the best option for creditors. Creditors have been first and f…
Read the full article at: https://www.afr.com/property/commercial/grocon-liquidation-vote-adjourned-to-april-16-20210329-p57f16