Jeanswest administrators have been granted an extension to convene a second meeting of creditors.
The Application was brought by the administrators to extend the time within which they must convene the second meeting of creditors.
Administrators James Stewart and Peter James have been granted until June 1, 2020.
An extension is generally granted when the affairs of a company are complex, and additional time is in the best interests of the creditors, including the employees and suppliers.
It is estimated around 1200 creditors of embattled fashion chain Jeanswest are owed up to $50 million.
Jeanswest commenced closing 37 of its 146 stores last month, as administrators attempted to steady the business.
A total 263 employees were to be made redundant as a result on the downsizing.
Jeanswest employed 988 workers at the time of its collapse..
“The decision to proactively restructure the business early in the administration process has not been taken lightly,” Stewart said at the time.
“We are very mindful of the serious impact store closures and staff redundancies have on people’s lives.
“However, we must also work to maximize the opportunity for this business to be sold or restructured — to give it the best chance to continue.”
Administrators offered no update on the sale process or whether any offers had been made for the business yet.