What's at stake: The Government has proposed to take control of a sale process for skifield operator Ruapehu Alpine Lifts (RAL) by appointing receivers, after pumping money into it over winter.
Background: Debt-laden RAL, which operates at Tūroa and Whakapapa, was placed in liquidation in mid-June after offers to buy its assets from administrators were not accepted by a majority of creditors.
Main players: Ruapehu Alpine Lifts, MBIE, PwC liquidators John Fisk and Richard Nacey, Calibre Partners, Whakapapa Holdings.
A Government proposal to take control of a sale process for skifield operator Ruapehu Alpine Lifts by appointing receivers is likely to be implemented in the next few days, NBR understands.
The company was placed in liquidation in mid-June after offers to buy its assets from administrators were not
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What's at stake: The Government has proposed to take control of a sale process for skifield operator Ruapehu Alpine Lifts (RAL) by appointing receivers, after pumping money into it over winter.
Background: Debt-laden RAL, which operates at Tūroa and Whakapapa, was placed in liquidation in mid-June after offers to buy its assets from administrators were not accepted by a majority of creditors.
Main players: Ruapehu Alpine Lifts, MBIE, PwC liquidators John Fisk and Richard Nacey, Calibre Partners, Whakapapa Holdings.
