The receiver of an Adelaide retirement village is taking the company involved to the Federal Court because its directors are refusing to hand over financial records.
Korda Mentha was appointed as receiver for the partially-constructed retirement complex, Fernleigh Gardens Estate, at Woodcroft in Adelaide's south.
Residents who have bought off the plan fear they will lose hundreds of thousands of dollars in the collapse.
Korda Mentha partner Chris Powell said the records were needed.
"We need to have full details ...
of all of the tenants and the contractual arrangements in relation to the licences that they hold or the rental situations that they have," he said.
"The debts are significant but at this stage we're not able to progress things that far because we're waiting for the directors to provide us with the books and records of the company, which have been withheld from us."