The Australian Securities and Investments Commission (ASIC) has this week issued notices of the liquidation of South Australian-based lighting company Vailo.
Liquidator Robert Hutson of KordaMentha is seeking debts owed to parties including the National Australia Bank, and separately a Supreme Court order to wind up the company has been made with liquidator Robert Ferguson from Ferguson Hannam appointed.
However, Vailo owner Aaron Hickmann claims that he is aiming to resurrect the company, telling Adelaide’s The Advertiser that he hopes to achieve a Deed of Company Arrangement through the voluntary administration process regardless of the wind up order.
The Advertiser previously reported the Australian Taxation Office…
