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Administrators, who give their first report to creditors on Monday, are also sifting through evidence the company wrote off $15.9m in loans to directors a year before going under.
The appointment of liquidators means there is no plan or hope for a turnaround of the company led by chief executive Raffaele Aiello.
Huntley Mitchell 12 Mar 2021 An Australian travel company with multiple divisions appears to have taken its last breath, with liquidators appointed to wind up the group. According to a notice issued by the Australian Securities & Investments Commission last week, Peter Gountzos and Michael Carrafa of SV Partners were appointed as joint liquidators for Extragreen Travel Group on 26 February. The company describes itself as “unique with multiple in-house divisions” on its website, which was still live at the time of publishing. With its h...