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Transcripts For BBCNEWS Asia 20240702

has over $3 billion of liability. for more on how this could play out i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a prohibition and that will be a formal appointment of liquidators later inaudible what would a liquidators cease to do and correct. to do and correct. directors will seize to do and correct. directors will seize control to do and correct. directors will seize control and - to do and correct. directors will seize control and with l will seize control and with that no power inaudible and while the provisionally data will resume the powers of the directors said they can do basically all of the powers as given by court to them

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