UPDATE: CBL administrators recommend liquidation

Fri, 11 May 2018

(recasts lede and adds detail throughout after the voluntary administrators recommend the company be put into liquidation) By Sophie Boot May 11 (BusinessDesk) - CBL Corp's voluntary administrators have recommended the company be put into liquidation, to enable the liquidator to further investigate the events leading up to the group’s various insolvency procedures. Auckland-based CBL appointed KordaMentha voluntary administrators on March 2 after the Reserve Bank sought an interim liquidation of its New Zealand supervised arm and the...

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