Over $56 million in creditor claims; directors out for 5 years

An ASIC media release reports that “the husband-and-wife directors behind a group of collapsed agriculture businesses linked to a NSW corruption scandal have both been disqualified by ASIC from managing corporations for the maximum period of five years”.  ASIC acted under section 206F of the Corporations Act. Over $56.8 million owed to unsecured creditors Reading […]