Court shoots down Prime Trust liquidators’ bid for global proof of debt to compensate unitholders

Andrew Muller 2021-02-18 2:21 pm By Miklos Bolza | Sydney

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The liquidators of retirement village group Australian Property Custodian Holdings, which went into administration in 2010 owing $948 million, have had their proposal to compensate unitholders under a global proof of debt rejected by a judge, who called the plan vague and “unsatisfactory”.

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