Collapsed Laura Ashley battle rages on

The courts have been called into the drama surrounding Laura Ashley Australia.

Administrators from FTI consulting have been granted an extension by the Supreme Court of Victoria.

The court has extended the convening period for the second meeting of creditors to May 19, 2016.

This will allow administrators to process offers for the acquisition of Laura Ashley Australia as a going concern.

For an exclusive insight into the sales process, pick up Ragtrader's April edition.

Administrators for the brand were first appointed in January, with store closures leaving a national footprint of 25 sites.