Yes, very interesting....the guarantors are the receivers aren't...

Yes, very interesting....the guarantors are the receivers aren't they? Who works for the major secure creditors who are collectively majority share holders who have been funding the C&M cost for 3 years.

In Perpetual Nominees Limited v McGoldrick (No. 3) [2017] VSC 78, the Supreme Court of Victoria has held that a liquidator owes a common law duty of care to guarantors when exercising a power of sale to realise assets of the company in liquidation. The judgment will be of great interest to insolvency practitioners as it is the first time in Australia that a Court has determined that such a duty of care exists after a full trial.


https://www.cbp.com.au/insights/insights/2017/march/liquidators-duty-of-care-to-guarantors