There were indicators building company Porter Davis may have been trading while insolvent, according to the company’s liquidators.
However, in a statutory report liquidators Grant Thornton says if such a claim is made the former directors may have a defence.
About 1700 homes across Victoria and Queensland were left in limbo when Porter Davis suddenly collapsed in late March.
Some 560 Victorian clients were not covered by insurance despite paying the construction giant before it went into liquidation, forcing the state government to set up a $15 million bailout scheme.
Creditors and customers of the failed company were handed the detailed, 240-page report on the preliminary findings into the firm’s collapse on Wednesday.
“On the basis …
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