Latter’s Transport placed in liquidation following failure to pay outstanding debt to the Australian Taxation Office
March 17, 2010
One of Queensland’s
largest road transport businesses, Latter’s Transport, has been placed in
liquidation following the failure to pay an outstanding debt to the Australian
Taxation Office (ATO).
The ATO lodged a wind-up application against the 40-year old business in
January, with the court approving the move on March 9.
Raj Khatri and Ivor Worrell of insolvency specialist Worrells were first
appointed administrators of the company on February 10 prior to being appointed
liquidators earlier this month.
A spokesperson for Worrells confirms the appointment, “pursuant to a
winding-up application by the Australian Taxation Office”.