A collapsed construction company will leave creditors millions of dollars out of pocket from a number of projects across Victoria, New South Wales and Queensland.
Kenik was wound up in Queensland’s Supreme Court earlier in the year after another business launched legal action against the builder.
The Melbourne-based company had been in the property and construction industry for more than 25 years.
Kenik now owes more than 200 creditors a combined total of $6.6million a new report lodged to the Australian Securities and Investments Commission (ASIC) has revealed.
The builder had been enveloped in a lengthy series of legal battles in its fight to remain in business.
The document reveals the company’s creditors hailed from five major projects.
More to come.
