re: Ann: PXU: Change in substantial holding f... Correction -...

  1. 756 Posts.
    re: Ann: PXU: Change in substantial holding f... Correction - the PXU holders to bring the wind-up, while any PPX could also do so:

    Oh yes, the company has a problem and Coastal should not even think about a side-deal, while a legal colleague tells me a 'just and equitable' winding-up of the company may be able to be brought by the PXU holders (Coastal to perhaps spearhead?) as contingent or prospective creditors or even as contributories. Amazing what you can find in the Corporations Act - he tells me this is found in section 461(1)(k) and section 462(2)(b) and (c).
 
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