Federal Court reminds liquidator that reasonable grounds are required before issuing a demand
Parker, in the matter of Worldwide Specialty Property Services Pty Limited (in liq) v Worldwide Specialty Property Services Pty Limited (in liq) [2017] FCA 687
LIQUIDATOR SEEKING AN EXTENSION OF TIME for making an application under s 588FF(1) Corporations Act copped criticism for serving demands without conducting investigations. The application was made ex parte.
Justice Lee emphasised the importance of a liquidator serving a demand only once […]