No expert on this but I think I read somewhere if the CVA is rejected, it can be forced through in the courts but effectively the club end up coming out of admin without a CVA in place which results in the 15 point deduction.
At this point, I'm not sure what I want to happen. Part of me still wants the club to do well, I.e. no points deduction, out of admin ASAP, embargo lifted and a few players signed so we can compete this year. But part of me now just thinks to hell with it, I just want to see SISU, Tim, Joy etc suffer as much as they have made the fans suffer. In which case, I'd like ACL to reject the CVA, drag out the admin, points deduction, no signings and as little income as possible. Yes, the club will probably get relegated (at least once) but it will mean the chance of them getting their money back is even further out of reach. Basically, I'd like to see them walking away, tail between their legs with absolutely sod all of any money they've put in. How a bunch of people who are supposed to look after investments could make so many wrong decisions over the years is beyond comprehension.