A bid to shutter a well-known Australian fashion retailer over an almost $70,000 debt has been thrown out of court.
General Pants Co, which operates 55 stores across Australia and New Zealand, was served with an insolvency claim by a supplier alleging the chain had failed to pay six invoices between October and December last year.
In a statutory demand for payment sent in June, UCC Company, an importer and wholesaler, claimed they had supplied General Pants Co with cameras and film and were owed $69,835.92.
“The goods were delivered and accepted by the debtor and the invoiced amounts remain due and payable,” the document stated.
According to court documents, General Pants Co failed to comply with the demand to settle the bill within…