The Federal Court injunction that attempted to wind-up Reacon Australia has been adjourned allowing more time for the business to restructured.
The wind-up order that was put forward by Reacon Australia creditors and heard in the Federal Court of Australia on Friday 11 April, has been adjourned to Friday 9 May.
The administrators for Reacon Australia and MMW3 Degrees, Cathro & Partners, told Sprinter they will now move forward with the usual next steps for a voluntary administration process.
“The adjournment will give the administrators time to continue their restructuring efforts and for a report to creditors to be issues on or around the 9th of May,” company administrator, Andrew Blundell from Cathro &…
