Australia’s Federal Court has ordered Brite Advisors Pty Ltd be wound up on just and equitable grounds following an application by ASIC.
At a hearing on 6 February 2024, the Court appointed Linda Smith and Robert Kirman of McGrath Nicol as liquidators to Brite and as receivers and managers over the property, assets and undertakings held by Brite on trust for others.
The appointment of Ms Smith and Mr Kirman as liquidators follows their previous court appointments to Brite as investigative accountants on 9 November 2023 and as receivers and managers on 13 December 2023 .
At the 6 February hearing, the Court was directed to key findings outlined in a report Ms Smith and Mr Kirman lodged…
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