High Court guts peak indebtedness rule in loss for Gunns creditor

Appeals 2023-02-08 4:23 pm By Cindy Cameronne | Sydney

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Liquidators for collapsed forestry giant Gunns Plantations have lost a High Court appeal over $1.2 million in payments to a former supplier that confirmed the so-called peak indebtedness rule does not apply in Australian insolvency law.

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