Administrator has called a meeting of correspondence for September 20
The latest development in the case against
prop firm Futex’s holding company has seen current
administrator on Friday call for creditors to vote on revised
formal proposals and appoint liquidators.
Former traders and creditors in the case
against Futex holding company, Independent Derivative Traders
(IDT), have Friday been called to a meeting held by
correspondence on September 20 to consider the new proposals, a
spokesperson for the firm’s administrator, Cork
Gully, told FOW.
Creditors will vote on the new proposals
which state that, "Administrators shall take all necessary
steps to place the Company into liquidation as soon as possible
and facilitate the appointment of Stephen Hunt and Adam Harris
of Griffins as Joint Liquidators," said the spokesperson.
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