PROCEEDINGS have been launched against key figures in the 2013 collapse of Walton Construction which left Sunshine Coast subcontractors unpaid $3 million.
Liquidator Grant Thornton has launched breach of directors’ duties actions including aiding and abetting against the company’s sole director Craig Walton and Pat McCurry and Phillip Spry of business advisor Mawson.
The liquidator was also chasing repayment by Mr Walton of a $1.617m company loan and another $1.637m from Mawson for a payment it alleged was a voidable transaction.
It was also pursuing from Walton clients nearly $9m in unpaid invoices including money owed by Queensland Rail, a debt which had been assigned to phoenix company Peloton (later Tantalon) alo…
Read the full article at: https://www.sunshinecoastdaily.com.au/news/liquidator-targets-key-figures-in-walton-collapse/3278020/
