CORPORATIONS – rejection by liquidator of proof of debt – where proof of debt based on contested balance in director loan account – where director claims advances made to company by a related company in Hong Kong were capital contributions made by her, or on her behalf, and should be treated as credits to her director loan account – where advances from related company not supported by invoices –where sisterly loan arrangement claimed by director to explain advances from related company– where het financial records of the Australia company were incomplete – where no documentary evidence to substantiate sister loan theory -director has not established that advances from related company were capital contributions by her, or on her behalf, to company – amended originating process dismissed
CORPORATIONS – further amended notice of cross claim by liquidator against director for outstanding balance on director loan account – where evidence establishes that rejection of claim that advances made by related company were capital contributions made by or on behalf of director leads to debit balance on director loan account – judgment for liquidator on the further amended notice of cross claim
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2026/2026fca0496For more information, see the original judgement.