Murray & Roberts Holdings placed under provisional liquidation [SOUND]

# Construction giant Murray and Roberts Holdings has been placed under provisional liquidation following a court order. The Gauteng High Court granted the order at the behest of one of the company’s creditors. The process comes amid a parallel process which saw Murray and Roberts Limited, a downstream subsidiary of the holding company, undergo voluntary business rescue. Business rescue practitioner Josh Cunliffe says this provisional liquidation has no bearing on the business rescue process: