It all comes down to April 16 for Daniel Grollo. Creditors of the 88 collapsed Grocon companies, owed over $104 million, will vote on whether to adopt his deed of company arrangement or put the group into liquidation.

Grollo says his DOCA will deliver a better and faster return for creditors than if the entities are wound up and their assets liquidated. This view is supported by administrator KordaMentha, which has urged creditors to vote in favour of the proposal.