Troubled milk broking company National Dairy Products (NDP) will now go into liquidation.
Deloitte joint and several administrator Glen Kanevsky said NDP had informed him a deed of company arrangement (DOCA) had been withdrawn, nor would there be a revised document.
There wont be a DOCA proposal, presented to creditors, at the reconvened meeting, Mr Kanevsky said.
There is no proposal, its going to go to liquidation.
Another meeting of creditors will be held on February 22, at which it was expected a committee of creditors would be appointed.
Mr Kanevsky said the committee would then decide how to proceed, in retrieving the money they believed they were owed.
The creditors could decide whether or not they would fund litigation, to recove…
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