A make-or-break creditors meeting to decide the fate of Daniel Grollo’s collapsed Grocon companies has been adjourned after a last-minute request from his lawyers for more time to improve on the proposed deed of company arrangement (DOCA).
In a surprise twist, KordaMentha administrator Craig Shepard told a virtual meeting of creditors on Thursday that lawyers for the “proponents of the DOCA” had that morning issued a request to postpone meeting for up to 35 days.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
