29 Oct 2012
A LIGUORI V GOLDEN FUND LIMITED & ORS, HC AK CIV 2011-404-004878
- Citation
- openlaw-174df5c6_5d1f_428f_8622_5ee09f37341f.pdf
- Court
- High Court
The conditions for approval were not met because the trustee's report established the business was not generating sufficient revenue to fund the proposal and evidence of future income or rent concessions was speculative and unproven; accordingly the conditional approval lapsed and the application to approve the compromise was declined.