A court has spared an embattled building company from going into liquidation despite mounting debts, a long line of creditors, and the landlord repossessing the office space.
On Wednesday morning, Melbourne-based Como Homes Pty Ltd was called in the Victorian Supreme Court after disgruntled creditors initiated winding up proceedings against the business in January.
Judicial Registrar Gitsham ordered an adjournment on the case for three months to give the company director time to sell a property to settle the debts, which total nearly $1 million.
The family home that is being sold by the defendant is listed for settlement in September, Como Homes solicitor, Colmon Moloney, told the court.
Mr Moloney said the companys director was seeking …
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