Energi Print goes into liquidation

Victorian Supreme Court judge dismisses administrator in the light of creditors’ dissatisfaction.

In a dramatic twist to the industry saga a Justice of the Supreme Court found for the plaintiff, John Della’s Pageset, in verdict that may put the sale of the business to PrintLinx in doubt.

Before a Melbourne courtroom packed with industry professionals last Friday, the company was put into liquidation under a new administrator. Creditors were unhappy that Energi Print, which changed its name to Twenty Five Olive Pty Ltd, was continuing to trade following a controversial sale of the assets of the business two days before it went into voluntary administration.

The court case has aroused considerable interest in the industry with the company running up debts of over $7 million, to mostly trade creditors.