Administrators for Reacon Australia and MMW 3Degrees have shared an update on the first creditor’s meeting held this week and the likely release date for the upcoming creditors report.
Administrator Andrew Blundell, from Cathro & Partners said there were no major outcomes from the first creditor’s meeting held on Tuesday this week and everything remains “business as usual”.
“In relation to the creditor’s meeting, no committee of inspection was formed and there was no replacement of administrator,” Blundell said.
The Federal Court injunction that attempted to wind-up Reacon Australia on Friday 11 April has been adjourned to Friday 9 May allowing more time for the business to be…
