Australia, June 11 -- New South Wales Land and Environment Court issued text of the following judgement on May 12:
1. By Originating Process filed on 19 February 2025, the Plaintiff, Assetinsure Pty Ltd ("Assetinsure") applies to wind up the Defendant, Brookhollow Investments Pty Ltd ("Brookhollow) on the basis of the presumption of insolvency arising from an unsatisfied creditor's statutory demand ("Demand"). That Demand was issued on 28 October 2024 and claimed the amount of $1,348,668.02 being the total of two amounts paid out by Assetinsure in respect of unconditional undertakings issued by Assetinsure, for which Assetinsure contends that Brookhollow is guarantor, plus a relativity small amount of legal costs. The Demand was issued som...