After failing to derail a convening period extension application on the basis of unpardonable delay, Arnold Bloch Liebler restructuring guru Leon Zwier admitted his efforts were in fact motivated by the inconvenience the application had caused his clients.

Such are the lengths to which KordaMentha’s fixer-in-chief will go to advance the interests of those who retain him in insolvency matters, and Whyalla Ports Pty Ltd is no ordinary administration.

“Mr Zwier ultimately conceded that his real complaint was “one concerning the time which we had to deal with the application as opposed to delay, per se, in relation to the making of the application”. Justice David O’Callaghan.

William Buck’s Michael Brereton, Sean Wengel and Rashnyl Prasad were appointed administrators of the Sanjeev Gupta-controlled entity on June 6, 2025, heading off a winding up application brought in the Federal Court by West perth law firm Grondal Bruining on behalf of secured creditor Qube Bulk Pty Ltd, subsidiary of ASX-listed import and export logistics provider Qube Holdings Limited.

They gave notice to creditors of their intention to apply to extend the convening…