LIQUIDATORS have been appointed to the parent company of Gold Coast-based Jump! Swim Schools following a court order.
Adam Ward, of Worrells, was appointed liquidator to Swim Loops Holdings Pty Ltd on Monday following an order from the Supreme Court in Brisbane.
It came after an application to wind up the company by UK Enterprise Pty Ltd, linked to Sagar Shah and Unnatiben Joshi, of Brisbane.
Swim Loops Holdings is understood to own the intellectual property for the Jump! Swim Schools franchise business and owns franchisor Jump Loops Pty Ltd.
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Both companies, along with director Ian Campbell, are the subject of a Federal Court case by the Australian Competition and Consumer Commission, which in June alleged they made false, misleading or deceptive statements about swim school franchises, in breach of the Australian Consumer Law.
The watchdog last month obtained a Federal Court order freezing the assets of Swim Loops Holdings and Jump Loops and Mr Campbell and requiring them to disclose details of their financial position.
It is understood Mr Campbell will defend the case brought by the ACCC.
Yesterday, a spokesman for the ACCC said it intends to apply to the court for…