TEN administrators KordaMentha have agreed to delay a proposed creditors meeting by a week, following legal action by WIN media mogul Bruce Gordon.
The meeting, originally scheduled for Tuesday September 12, will now take place on September 19.
Gordon’s lawyers are seeking a court declaration that the second creditors report “fails to include adequate information” about the proposal by his private company Birketu and Lachlan Murdoch’s Illyria Nominees Television to buy TEN and the reasons why administrators support the proposal by CBS.
Lawyers for KordaMentha expressed disappointment an under-bidder was seeking to delay the meeting and expects the objection to fail.
The matter will return to court next Tuesday for a separate two-day hearing, when a judge will examine claims of deficiencies in the administrators’ report to creditors