You are certainly not a greenhorn claimcloud - I am pleased at...

You are certainly not a greenhorn claimcloud - I am pleased at that.

I have just spent about 3 minutes on the matter - can't be bothered, even at looking into what you say.

This story below, is not really the situation at all. Only possible funds available are the $15m to $18m that Deloitte hold in trust, pending this incessant assault by the 85 year man, who proceeds under the name Bookarelli .

Zsadony ...don't know. Don't think so, as in November, 24 , I recall a permanent stay, stopping this nonsense from Bookarelli. Presume that would apply also to Zsadony.

See right down the bottom - you can try to get that link open for better commentary on this painful exercise.
Babcock Liquidators: 15 Years Of Patience Tested

/ Uncategorized / By Neil Aspin

The ongoing saga of Babcock & Brown’s liquidation has stretched over 15 years, raising questions about accountability and recovery. Babcock & Brown, once a significant player in investment finance, collapsed in 2009, which led to a massive loss for creditors. After the company went under, liquidators were appointed, and their task became monumental. Unraveling the complexities of Babcock’s financial affairs has proven a challenging endeavor, leaving many stakeholders frustrated.

At the heart of the issue is the difficulty the liquidators face in recouping millions owed to creditors. Despite their efforts, many assets remain elusive. Key players in this incident, including Greg Lee from PwC, highlighted the slow pace of the liquidation process. The case has persisted due to ongoing disputes among involved parties, complicating the ability to distribute any recovered funds effectively.
As of now, the patience of affected creditors is waning, and frustrations are mounting. Many have raised their voices, expressing the need for transparency regarding the financial proceedings. Reports indicate that liquidators have managed to recover a portion of the owed funds, but with over $4 billion in losses, the sums recovered fall short of expectations.
Conversations continue about whether the liquidators have acted with sufficient urgency over the years. While some creditors vocalize their concerns about the long timeline, others worry that they may never see anything from their investments. With inquiries into the conduct of Babcock & Brown’s former executives ongoing, there’s hope that answers may finally surface.
Publication Date: 2025-02-07 07:32:59
Read the full story by: https://insolvencynewsonline.com.au/15-years-on-babcock-liquidators-patience-dissipates/