Creditors for Reacon Australia will meet tomorrow to vote on the Deed of Company Arrangement after being placed back into voluntary administration by the Federal Court of Australia two weeks after being placed into liquidation.
Andrew Blundell from Cathro & Partners has confirmed that an application was made to effectively reverse the decision from placing the business into liquidation on Friday 9 May to returning it to voluntary administration on Friday 23 May.
“Last Friday (23 May), an application was heard in the Federal Court of Australia to seek leave of the court to appoint Simon Cathro and myself as voluntary administrators for the purposes of allowing creditors to vote on a revised Deed of Company…
