Yes, but.......
In the Bonython matter, the Liquidators appointment was by way of an order made on 27 February 2012. The Liquidators undertook a sale process for the sale Bonython’s assets including its joint venture interest in a mining tenement near Broken Hill. The sale process included advertising, extensive negotiations with various bidders, and an assessment of the adherence of the proposed bids as against the Joint Venture Agreement’s requirements for the sale of the company’s interest.
And clearly they know nothing.
https://svpartners.com.au/liquidators-duty-of-care-on-sale-of-assets/
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