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Court battle to determine collapsed builder’s future, creditors owed $60m – NEWS.com.au

Court battle to determine collapsed builder’s future, creditors owed $60m

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The company behind some of Australias most iconic buildings owes creditors about $60 million but could be saved from the brink if its legal battle over the Central Barangaroo project in Sydney is successful.Office tower and residential apartment builder Grocon announced last week it would reluctantly appoint administrators, 66 years after the private group was founded by chief executive Daniel Grollo’s grandfather Luigi.
KordaMentha Restructuring was on Friday appointed administrators to 39 Grocon…

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