Group Five’s joint business rescue practitioners reported on Thursday that they would be approaching creditors to seek approval for yet another extension to the June 28 deadline for the publication of a business rescue plan. Initially a deadline of April 16 was set in line with a legal requirement that the rescue plan be published within 25-days from the date of the practitioners being appointed. Dave Lake and Peter van den Steen, who were appointed on March 13 after Group Five was placed into business rescue on March 11, secured then support for an extension to the end of June.
