Petition adjourned
If Judith Malcolm, Ltd, the high-fashion garment firm, is not sold in whole or part or sufficient capital is not injected to pay off creditors, it is most likely that an order will be made to wind up the company on June 25. The petition to wind up the company by the Inland Revenue Department which is claiming a debt of $47,292, was adjourned to that date by Mr Justice
Williamson in the High Court yesterday. Mr R. E. Neave, who appeared for the Department, opposed the adjournment as did one other creditor. Mr P. J. Egden, for the receiver, Mr Ronald Cormack, applied for the adjournment. His Honour said that this would be the final adjournment. The company has debts of more than $70,000.
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Press, 12 June 1986, Page 4
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127Petition adjourned Press, 12 June 1986, Page 4
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