Reported at corrs.com.au: A landmark interpretation of section 563B of the Corporations Act 2001 regarding creditors’ entitlement to interest on admitted claims by a liquidator came to light in the Park, Re Queensland Nickel Pty Ltd case.
Justice Downes ruled that the Remaining Creditors were not entitled to interest under section 563B(1), highlighting the crucial role of liquidators in consciously admitting or rejecting proofs of debt.