An application to wind up SKM Corporate Pty Ltd (“SKM”) was filed with the Supreme Court on the basis that SKM was insolvent.
On 2 August 2019, Judicial Registrar Julian Hetyey ordered that SKM be wound up in insolvency and that a liquidator be appointed.
Tasman Logistics Services Pty Ltd (“Tasman”) filed an application with the Supreme Court to wind up SKM on 12 June 2019 on the basis that SKM was insolvent and owed Tasman approximately $3.35 million.
Sixteen supporting creditors also claimed to be owed more than $2.2 million by SKM.
The matter was before the court on 10 July 2019 and 24 July 2019. On each of these occasions, the matter was adjourned at the request of SKM.
On 2 August 2019, counsel for SKM stated that SKM was not in a position to oppose the winding up. Orders were granted to wind up SKM and appoint a liquidator for the purposes of the winding up.
Orders and reasons
The Court has made available (below) a version of the orders of 2 August 2019 including background information and the reasons for the decision.