Which Debtors are LBIE's Administrators referring too in their 28th Progress Report? LBHI, why keep it a secret? CTs
The Administrators have continued to pursue recovery of a claim into an overseas liquidation, where LBIE is also a member of the Liquidation Committee. The liquidators of that entity are now in a position to make a significant interim distr bution which will be received in the next Reporting period. The Administrators also continue to pursue a potential recovery relating to a claim in an overseas bankruptcy and have challenged a recent decision made by the overseas court to only partially accept the claim. It is expected that a large volume of creditors are likely to challenge the court's decision and any potential recoveries will take a significant amount of time to be realised. The Internal Re