CORPORATIONS application by Australian Securities and Investments Commission to wind up company on just and equitable grounds provisional liquidators expressed view that company is insolvent where provisional liquidators suspect that directors and officers of the company may have contravened the Corporations Act 2001 (Cth) where there is a lack of confidence in the conduct and management of the companys affaires whether to adjourn application to wind up company to allow creditors to consider a deed of company arrangement (DOCA) proposal where provisional liquidators have filed an application to be appointed as administrators to allow DOCA proposal to be put to creditors where provisional liquidators have provided some support for DOCA proposal where liquidation may not prevent creditors considering DOCA proposal
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