Panichelli Farms Pty Ltd wound up for failing to pay debt
A farm near Bundaberg has been liquidated with a debt of more than $20,000.
Police & Courts
Don't miss out on the headlines from Police & Courts. Followed categories will be added to My News.
A Bundaberg region farm has been wound up in the Supreme Court of Queensland following the appointment of administrators earlier in the year.
According to court documents, the action came about due to insolvency, meaning the company, Panichelli Farms Pty Ltd, could not repay its debts.
The North Gregory grower of produce, including snow peas, owed a total of $23,582.22 to Nutrien Ag Solutions Limited, which was ordered by a court to be on February 22.
The court also requested Panichelli Farms Pty Ltd pay $7065.57 in interest and $1715.61 in costs.
However, by April, an application to wind up was lodged.
On May 26, a new court order was made that Panichelli Farms Pty Ltd be wound up due to insolvency, and liquidators be appointed.
It was ordered that “the applicant's costs of and incidental to this application and the statutory demand be costs in the winding up”.
‘He had no chance’: Moment wife knew husband had been killed on hwy
On hearing a motorbike and truck had crashed on the Bruce Hwy, a Qld woman desperately dialled the Bluetooth on her husband’s helmet, waiting for the answer that would never come.
Mother of five smashes ex’s phone after he records her tirade of abuse
A Bundaberg woman has faced court after a confrontation with her ex in a popular shopping centre which ended with his phone smashed to pieces.