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The liquidators of failed Gold Coast investment group Octaviar have been given the thumbs up to reject over $900 million in proofs of debt from two of the firm's subsidiaries after the Queensland Supreme Court ruled they had received competent legal advice on the matter and were justified in the rejections.
The special purpose liquidator appointed to four companies in the collapsed James Estate Wines group has been given the go-ahead by a judge to enter into a litigation funding arrangement with the conglomerate's former director and pursue $57.1 million in potential claims against ANZ Banking Group.
A judge has appointed provisional liquidators to ‘Diamond Joe’ Gutnick’s mining company Merlin Diamonds, after finding evidence of "serious mismanagement" and citing an urgent need to investigate the company's books.
The liquidator appointed to investigate a class action over Walton Construction's collapse is now looking to file his own case against National Australia Bank, the company's former director, and the restructuring firm hired before the construction company's demise.
A group of contractors have launched a $78 million class action against National Australia Bank, two insolvent units of Waltons Australia and the company's director, seeking compensation for unpaid work done prior to the company's collapse.
The liquidators of failed construction company Walton Construction are seeking to reinstate and then wind up a unit of restructuring advisory firm Mawson Group, which was hired to extricate Walton from $18.8 million in debts with National Australia Bank prior to its collapse.
The Australian Competition and Consumer Commission has won its bid to continue proceedings against the insolvent operator of the Jump! swim school franchise and its director, with a court finding the case was in the public interest.
William Roberts Lawyers and a litigation funder are investigating potential claims by property purchasers and investors against Ralan Group after the developer entered administration and creditors were warned to "prepare for a poor outcome".
Two former directors of collapsed business and IT solutions provider Starcom Group have failed in their attempt to toss a referee's report that found the company was insolvent 22 months before it was wound up.
The liquidators of Plutus Payroll Australia, the company at the heart of a high profile $105 million tax fraud, can determine that claims made during the liquidation by some of its 4,500 workers are not claims of employees and do not need to be prioritised.