The High Court has ordered the winding up of Patterson Brothers Pte Ltd.
The court noted Patterson Brothers Pte Ltd was in debt to Ramesh Crane Hire Ltd ($55,929.50), Fuel Supplies Pacific Pte Ltd ($240,827.10), Highway Plaza Pte Ltd ($13, 692.68), Gold Rock Investments Pte Ltd ($A660,000), Bos Equipment and Engineering Pte Ltd ($10,464.28), Fiji Ports Corporations Ltd ($52, 905.38) and Rajnesh Investment ($131, 764.50).
“The court is satisfied that despite leave being granted, the debtor company has not attempted to satisfy the petitioning creditor by paying off the debt due and payable,” said Acting Puisne Judge Senileba Levaci in her October 12 ruling.
“The court also notes that despite the statutory demand being served on the debtor company, the debtor company has never sought for setting aside of the statutory demand to date.
“Application for winding up of Patterson Brothers Pte Ltd be granted on the basis of the petitioning creditors application and the supporting creditors submissions.
“The court appoints the official receiver as the provisional liquidator.”
