Business
Grollo faces creditor’s questions about $90m company loans – Sydney Morning Herald
Property developer Daniel Grollo has apologised to creditors for “having to go through” the administration of 88 companies, but he avoided giving further details…
It would provide a better and faster return to creditors than they were likely to receive through liquidating the companies, he said.
But several large creditors, including APN Property Group and the Australian Taxation Office, sought to have the creditors meeting adjourned to seek more information about the business dealings of the collapsed companies.
Both APN and another creditor, Impact Investment Group, questioned why more information wasnt available to creditors about the $90 million in intra-company…
-
Noosa News23 hours agoNew South Wales Blues left to pick up the pieces after fumbling a chance at State of Origin glory
-
Noosa News17 hours agoHelp to make recycling stick
-
Noosa News15 hours agoFormer Darling Downs Zoo employee sheds new light on horrific lion attack on teacher Joanne Cabban
-
Business17 hours agoAlphabet’s stock looks like a brilliant buy right now