Angel’s Paradise Pty Ltd has been placed into liquidation following a Federal Court order, with the company now subject to formal winding up proceedings linked to unpaid debts.
A notice published on ASIC’s Published Notices platform confirms the company was the subject of an application for a winding up order under the Corporations Act 2001. The matter was listed before the Federal Court earlier this year, where orders were made to wind up the company and appoint liquidators to assume control of its affairs.
The company has operated within the early childhood education and care (ECEC) sector, and the development is expected to prompt further questions around provider financial sustainability and governance oversight at a time…