1MC 3.45% 3.0¢ morella corporation limited

Ann: Appointment of Receivers and Managers, page-109

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  1. 1,165 Posts.
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    The way I understand it, receivers have been appointed voluntarily. meaning it's the first stage of the company trying a last ditch hands round the throat save. But the creditors have all the power and the process is designed to get their money back, not ours. Once this voluntary administration is in effect, the receivers control everything. so best email them your questions on operations. IMO
 
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