Question
Determine whether the following debts are provable or not provable in the liquidation of Xanadu Pty Ltd, which had a winding up order made against
Determine whether the following debts are provable or not provable in the liquidation of Xanadu Pty Ltd, which had a winding up order made against it on 8th May 2021 by the Federal Court, based on a creditor's application filed on 1st March 2021.
Provide justifications (including relevant sections of the Corporations Act and case law) for your admission or rejection of all or part of each debt.
1. A fine imposed on Xanadu Pty Ltd on the 4th March,2021 by the Southport Magistrates Court in relation to a breach of the Corporations Act .
2.Bob Hope has a claim for negligence against Xanadu Pty Ltd . Bob sustained personal injuries while walking legally in Xanadu Pty Ltd's factory on the 1st May 2021.
3.Jude Law, a member of Xanadu Pty Ltd claims unpaid dividends of $400. Jude has not paid outstanding calls made on his shares in April 2021.
4.Wendy Long is owed an unsecured debt of $1700, including interest accrued to 30th June, 2021.
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