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Liquidations

Judgment, Liquidations, Liquidators, Litigation, Social/Professional 9 October 2024

Aspiring replacements undercut rivals

Louttit & Associates’ Jamieson Louttit A Sydney insolvency practitioner has been ousted as liquidator of Coal Contractors Pty Limited after the Federal Court decided creditors would benefit from a fresh set of eyes, particular eyes that charged less than the other sets of eyes vying for the gig. The replacement application was brought last month by Starbelle Energy Pty Ltd (Starbelle). “Starbelle submits, and I…

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ATO, Corporates, Judgment, Liquidations, Liquidators, PPSR, Receivers 12 July 2024

PPSA problems? Perish the thought

McGrathNicol partner Mark Holland.Three McGrathNicol partners had more justification than most to plead urgency when they came to court on May the 30th seeking to be appointed as receivers.Two days earlier the trio had been appointed liquidators via members voluntary resolutions of five entities within the corporate group backed by prominent Brisbane-based chef and restaurateur Shannon Kellam, an inevitable step after Kellam copped a Director…