I'm trying to understand the process here. From what I can see the VA had 3 options:
A receiver is not a liquidator. A liquidator works for all creditors not just secured creditors.
- Accept a proposal for a Deed of Company Arrangement;
- End the voluntary administration and pass control of the company back to the company directors;
- Liquidate the company.
So would selling the mine, as people above have suggested, be part of a liquidation or a DOCA?
Can somebody explain which legal pathway is being followed here please?
Thanks.
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