Building giant Grocon avoids liquidation – The Australian Financial Review
He has promised to pay creditors out in full by winning Grocons dispute with Infrastructure NSW over the botched Cental Barangaroo project. Creditors will also receive net proceeds from any asset realisation sales, including the Eureka sub-penthouse occupied by Mr Grollo, which could be worth $25 million but is encumbered by mortgages. The revised DOCA…