ASIC has applied to the Federal Court to wind up 95 companies.
ASIC lacks confidence in the conduct and management of the affairs of the companies. ASIC is also concerned that some of the companies are the subject of complaints and appear to be associated with websites which may have facilitated scam activity.
On 1 November 2024, Catherine Conneely and Thomas Birch of Cor Cordis were appointed as joint and several provisional liquidators of the companies.
The matter is subject of orders relating to confidentiality. A case management hearing is scheduled for 5 December 2024, with a view to fixing the hearing for final relief as soon as possible thereafter. Any defendant or interested party seeking to be heard on the application for final relief is to file their evidence by 25 November 2024.