Infotronics creditors gather at liquidators meeting
- 20 November, 2009 13:14
- Comments 2
Creditors and former suppliers for defunct niche distributor, Infotronics, gathered at the liquidator's meeting in Melbourne today to discuss the fate of the business.
Three of Infotronics’ key vendors – Veeam, Kerio Technologies and IGEL – will now form a Committee of Inspection to oversee progress on the liquidation process. Also among the issues discussed during the meeting was Kerio’s proposed legal action against Infotronics and its parent, S Central, for allegedly siphoning funds out of Infotronics.
Earlier this week, Kerio Technologies issued a letter to other Infotronics’ suppliers asking them to join its proposed legal action. The vendor has also appointed an attorney from Australian solicitors, Middletons, to oversee its case.
In an email to ARN, Kerio vice-president and general counsel, Steven B. Weinberg, said its letter had now been submitted to liquidators, Romanis Cant.
“At this point, the Liquidators have to commence their investigation of the corporate books to determine what’s taken place,” he stated.
“In the meantime, Kerio will be in discussions with other creditors to determine whether to pursue independent action at this time or wait and see what the conclusions of the Liquidators are.
“All options are on the table at this point. Regardless, Kerio is determined to gain satisfaction and hold the relevant parties accountable for what’s taken place.”
Veeam local representative, David Allinson, also confirmed his attendance at the meeting but declined to discuss further details. According to creditors’ documents, Kerio is owed $US65,547, and Veeam $US160,000.
Liquidator, Romanis Cant, were appointed to Infotronics on November 11.
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Comments
Rob
I watched as Software Supermarket was protected in the end by the liquidators and they ended up with their $400 plus per hour fees till there was little left..........I often think I'm in the wrong game. About time there was a cap on Liquidators fees.
Rob
Liquidator fees
I watched as Software Supermarket was protected in the end by the liquidators and they ended up with their $400 plus per hour fees till there was little left..........I often think I'm in the wrong game. About time there was a cap on Liquidators fees.