I think the liquidator is waiting for the decision from the Court regarding the priority repayment for the $550,000 fighting fund.
According to some article, $5m is proposed to be paid to those who have contributed to the fighting fund. I think the $5m is too much, and hence could be rejected by the court.
Just my thooughts.
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babcock & brown limited
note holder letter from liquidator, page-8
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