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Transcripts For BBCNEWS Asia 20240702

it is the world s most indebted company. for more on how this could play out, i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible when a judge orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a provisional and that will be a formal appointment of liquidators later what would a liquidator do and with the directors cease to have control of the company in the circumstances? directors will cease to have control and with that no power inaudible and while the provisional will assume the powers of the directors so they can do basically all of the powers as given by court to them in the court order. we ll be hearing more on that story in just a little over an hour so stay tuned. news from the ongoing

Transcripts For BBCNEWS Asia 20240702

marsh. through what really happened, we were expecting something a little more definitive, especially based on what the judge had said definitive, especially based on what thejudge had said in october. what the “udge had said in october. ~ . what the udge had said in october. ~ . ., ,, october. what happened? it feels like october. what happened? it feels like we ve october. what happened? it feels like we ve been - october. what happened? it feels like we ve been in - october. what happened? it feels like we ve been in this| feels like we ve been in this position before. with regards to the whole evergrande saga, we re pretty much in the same position today as we were yesterday. this is a seventh adjournment, don t forget. we do not know that many details coming out of the court so far. what we know as the creditors who brought the case were not opposed to an adjournment. that suggest these parties will go back to the drawing board and come up with some kind of restru

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