After a company failed to keep financial records, pay its debts, and overstated its financial position before it went into administration, one director was ordered to pay more than $2 million to the liquidators.
Liquidators have won their case against a director after the Supreme Court of Victoria found that a bare denial was insufficient to rebut the presumption of insolvency.
The company, Melbourne Container Transport Pty Ltd, was found to be insolvent by presumption due to its director, Jodie May Lightowler’s failures to prevent the company from incurring debts after it was found to have unpaid superannuation, ATO debts, and payroll.
In her 5 August 2026 judgment, Justice…