Liquidator criticised for overcharging

Wed, 17 Jun 2020

A High Court judge has slashed a liquidator’s bill by 70 percent, after finding she billed for unnecessary work.However, the liquidator – Victoria Toon – said the judgment is “fundamentally flawed” and is appealing the case.Toon was appointed as liquidator for family-owned company Investacorp Holdings in March 2018. As a solvent liquidation, Toon’s job was to realise its assets and formally wind up the company. According to the judgment of associate judge Roger Bell dated April 30, while Toon’s hou...

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