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McGrathNicol > administrations > lift capital partners pty limited > creditor information
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corporate advisory
McGrathNicol
Corporate Advisory is a leading advisory practice providing capital
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corporate
recovery
McGrathNicol Corporate Recovery is a market leader
with extensive experience in providing voluntary administrations and deeds of
company arrangement, receiverships, creditors voluntary liquidations, members
voluntary liquidations and court liquidations.
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Update on NSW Proceedings - Court Declarations
The proceedings in the NSW Supreme Court concerning
the application for declarations/directions made by the administrators were
heard by Justice Barrett between 11 and 13 November 2008.
At the beginning of the hearing, Merrill
Lynch made an application to be dismissed from the proceedings on the
basis of an undertaking to the court to abide by the outcome. Justice Barrett
granted that application.
At the conclusion of the hearing, Justice Barrett
reserved judgment, noting that this case is "excruciatingly
difficult" and explained that it is unlikely he will deliver an early
judgment.
It is anticipated that judgment will be handed down
in late January/February 2009 and creditors will be kept informed.
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