Directors of a builder-developer that left more than 200 homes unfinished when it entered administration last year have reportedly bought back control, despite being barred from building.
Administrators KordaMentha were appointed to Nicheliving Holdings and its subsidiary companies Projex Management and Construction and Rubix Future and Building in November of last year.
A second creditors meeting was held in December, at which the directors offered $2.7 million to retain control of the companies, which was subsequently accepted.
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