Brisbane Supreme Court JudgementOctaviar Ltd, Re (No 10) [2009]...

Brisbane Supreme Court Judgement
Octaviar Ltd, Re (No 10) [2009] QSC 283 (08/5184) Brisb McMurdo J 9/09/2009


http://www.sclqld.org.au/qjudgment/2009/QSC/283



The reported outcome...
"New liquidators appointed to Octaviar"
September 9, 2009 - 7:09PM .
"The Queensland Supreme Court has appointed new liquidators for beleaguered fund manager Octaviar.

The Public Trustee of Queensland, supported by the tax commissioner, sought to have liquidators John Greig and Nicholas Harwood replaced.

The court agreed to the request on Wednesday, concluding a potential conflict in relation to an issue surrounding trust monies "is of itself a sufficient reason for appointing someone other than Mr Greig and Mr Harwood as liquidators".

The new liquidators for Octaviar Administration Pty Ltd and Octaviar Ltd are William Fletcher and Katherine Barnet from Bentleys Corporate Recovery.

The Public Trustee successfully sought the wind-up of the two Octaviar companies in July.

The Public Trustee started legal proceedings in its role as trustee for more than 560 noteholders who were owed $359 million by the failed Octaviar Group."

http://news.theage.com.au/breaking-news-business/new-liquidators-appointed-to-octaviar-20090909-fhi1.html

Duped ..you were right.There has been a change of liquidator. Nothing against Deloitte but passing the baton to a fresh runner sounds good to me.

Read clause [38 & 39] re Stella sale ..
... at least it rated a mention.