Administrators wouldn't work. A low ranking hostile secured creditor appointed their receivers on Friday night, so PLV have got a high ranking (first security) friendly creditor to appoint their receivers, who outrank the hostile one. An administrator wouldn't be able to pull rank over the hostile receiver.
If AYN have the winding up order granted agaisnt them tomorrow, that'll be two in a week for D'Sylva.
In Administration?, page-15
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