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Old 25th Feb 2002, 08:09
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Bluebottle
 
Join Date: Apr 1999
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Here's the latest:

MELBOURNE, Feb 25 AAP - A federal court hearing to ratify the . .Ansett sale deal was adjourned for a third time today as . .administrators admitted they were having difficulty finalising the . .deal.. . The deal first appeared before the court last Tuesday when it . .was adjourned till Thursday, and on Thursday it was adjourned again . .until this afternoon.. . Simon Whelan QC told Justice Susan Kenny as far as the court was . .concerned, the situation had not progressed since last week.. . As well as difficulties finalising the contract with would-be . .buyers Tesna Holdings, there were difficulties with third party . .agreements.. . Agreements in principle which had been reached over a hand shake . .could not be reached in writing, he said.. . He told the court administrators were working with Tesna on a . .deal which may not require judicial approval.. . If the matter has to return to court it would occur on Wednesday . .or before midnight on Thursday which administrators had told . .creditors was the absolute deadline.. . Administrators Mark Mentha and Mark Korda did not attend the . .short proceedings.. . AAP
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