BNB babcock & brown limited

att: enumerate - comments appreciated, page-12

  1. 806 Posts.
    I think the issue here is that BBSN holders can force BNB into administration but, as I understand it, BNB cannot force BBIPL to repay the loan that BNB advanced to it. It's not that the money is not owed as the debt still remains. It's just that the terms may not allow immediate payment to be demanded.

    I might be wrong but that is my understanding of the situation.

 
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