CBL watershed meeting pushed out to November on delay in Reserve Bank liquidation hearing

Tue, 07 Aug 2018

By Sophie Boot Aug. 8 (BusinessDesk) - CBL Corp's creditors will have to wait until November to hear again from the company's voluntary administrators after they were granted a further extension for the watershed meetings by the High Court. Auckland-based insurer CBL appointed KordaMentha voluntary administrators on March 2 after the Reserve Bank sought an interim liquidation of its New Zealand supervised arm and the Central Bank of Ireland made a similar move against its European division. That month, the court extended the date for t...

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