Bonza administrators must preserve creditors’ right to replace them despite bar on resolutions: judge

Restructuring & Insolvency 2024-05-09 4:15 pm By Cindy Cameronne | Sydney

A judge has expressed concerns that measures implemented to deal with the large number of Bonza creditors expected at the first creditors meeting on Friday unintentionally “foreclosed” on their right to vote to replace Hall Chadwick as administrators.