There meeting is part of the liquidation, and not administration, process initiated by the pier owner Sheikh Abid Gulzar. Nick Terdre reports.
Pier owner Sheikh Abid Gulzar has put Lions Hastings Pier (LHP) into voluntary liquidation,( not administration, as previously reported here) . According to an insolvency expert administration is a rescue procedure, while liquidation is terminal.
The Crowdfunder launched to raise legal funds to support an application to have LHP wound up was nullified by Gulzar’s move. It remains live, in view of the expected battle among creditors when they meet.
https://hastingsonlinetimes.co.uk/hastings-life/local-news/pier-crowdfunder-remains-alive
