Two former directors have been found personally liable to pay a company a total of $3,698,891.25 for insolvent trading and debts to the company of which they were formerly at the helm.
Ricky John Munday and Gary David Mathieson were found to be personally liable for debts to Perrydotcom Pty Ltd (currently in liquidation), of which they were both prior directors, for a sum of $802,342.25 and $780,582.00 respectively, after the company’s liquidator made a claim against them.
Supreme Court of Victoria Associate Justice Catherine Gobbo ruled that Munday also contravened the Corporations Act 2001 for failing to prevent Perrydotcom from trading insolvently after it was wound up on 18 October 2023. For this, Associate…