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Australia seeks to liquidate Melbourne gym chain Derrimut 24:7 to recover $12.5M in unpaid taxes, with a court hearing set for Nov. 28.
The Australian Tax Office is pushing for the liquidation of Melbourne gym chain Derrimut 24:7 to recover $12.5 million in unpaid taxes and superannuation, with a Federal Court hearing adjourned to November 28.
Major creditors oppose a delay, citing insufficient proof of solvency despite prior extensions.
A proposed rescue deal with billionaire Adrian Portelli has collapsed.
The company’s assets, including gyms in Thomastown, Ravenhall, and Derrimut, are being sold by receivers, expected to bring in $30 million, but are encumbered by existing loans.
Founder George Solomos faces a separate $2.9 million tax claim, with total debts exceeding $30 million.
Australia busca liquidar la cadena de gimnasios de Melbourne Derrimut 24:7 para recuperar $12.5 millones en impuestos no pagados, con una audiencia judicial programada para el 28 de noviembre.