1MC 3.33% 2.9¢ morella corporation limited

Ann: Appointment of Voluntary Administrators, page-9

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    The company is in Receivership with Receivers and Managers appointed.
    KordaMentha is managing the Company's affairs now.
    While the Voluntary Administrator (Cor Cordis) will play a significant role in the process, the fact that the noteholders had security over what was effectively the Company complicates matters.
    Both the Receivers & Managers, and Voluntary Administrators have their roles to play.
    I would suggest that your link be read in conjunction with this one -
    https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-creditors/receivership-a-guide-for-creditors/


    Last edited by Sjlasx: 27/10/20
 
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