Court appointed liquidator – Tianda Iron Ore (Australia) Pty Ltd

Key services:
  • Liquidation
The matter

Aston Chace Group was appointed by the court as liquidator of a Western Australian Iron Ore exploration company, following an application to the Supreme Court of New South Wales from the major shareholder and sole creditor for the company to be wound up.

The solution

Aston Chace’s task was to recover funds from a term deposit and distribute to shareholders of the company.

The outcome

The term deposit funds and additional cash were recovered and distributed, resolving the initial dispute between the shareholder and the company, and satisfying the Supreme Court of New South Wales which issued the relevant judgment.