The family behind the failed Diploma Group and its provisional liquidators are seeking to have the company excluded from a potential wind-up order to attempt a rescue plan.
A Federal Court judge is set to rule tomorrow on whether the builder-developer which collapsed last year and 19 other Diploma entities will be placed into liquidation.
The court heard yesterday that provisional liquidators from Grant Thornton had applied for Diploma Group to be put back into administration, while recommending liquidation for its construction arms and other subsidiaries.
Justice Neil McKerracher remarked that such a request from insolvency specialists was very unusual.
The Australian Securities and Invest…
Read the full article at: https://thewest.com.au/business/construction/di-latte-family-pursues-bid-to-revive-diploma-group-ng-b88589176z
