Receivers to move into Elderslie

The trustee to Elderslie Finance Corp appears to want to appoint receivers to the firm, but is seeking the support of the Federal Court of Australia before doing so. Perpetual Trustees WA on Wednesday last week applied to the court for a series of orders. The court will hear the trustee's case in Sydney today. Among orders sought by Perpetual are those seeking to restrain Elderslie from accepting funds from the public, from paying investors and from offering assets as security.

Source: The Sheet

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