A fresh legal challenge has been filed in the Federal Court of Australia, continuing a long-running series of court proceedings involving the Cyprus Community of NSW and its assets, this time directed at Cyprus Community of N.S.W. (Holdings) Limited.
Court documents filed in December show that Dr Costas Costa has commenced proceedings under the Corporations Act, seeking to invalidate or bring to an end the voluntary administration of Cyprus Community of N.S.W. (Holdings) Limited, which entered administration on 29 September 2025 following the appointment of administrators.
The application is supported by an affidavit sworn by Dr Costa, alleging that the directors’ decision to appoint administrators was made for an improper…