Source : BUSINESS NEWS
The founding family of Zorzi Group have sued a Perth entity over a Melbourne property, in a dispute related to the collapsed builder’s parent company Western Alliance.
Rosscommon Nominees, Gallop Nominees and Jaderose recently lodged a writ in the Supreme Court of Western Australia, naming Fikasa International and the Registrar of Titles as defendants.
Australian Securities and Investments Commission documents show Rosscommon is owned by Walter and Pauline Zorzi while Gallop Nominees is owned by Enrico and Jacqueline Zorzi.
Jaderose is owned by Peter Belcastro, the Zorzis’ former business partner, the ASIC documents show.
Walter and Eric Zorzi, whose father founded Zorzi Builders in 1956, and Mr Belcastro sold their interests in the Mercedes Group trading as Zorzi Builders and Grandwood Homes in 2019.
In the writ lodged by the founding family’s entities, the plaintiffs claimed Attadale-based Fikasa International failed to transfer its interests as security for Western Alliance when the latter defaulted payments.
The Zorzi Builders’ founding family members said they have had no involvement in running the business since selling their stakes in 2019, in an announcement published when the company was placed in administration earlier this year.
In March, Hall Chadwick WA was appointed as administrators of Mercedes Group with its parent company Western Alliance went into liquidation soon after.
Documents filed to ASIC show Western Alliance owes $1.27 million to Rosscommon Nominees, $1.27 million to Gallop Nominees, and $1.06 million to Jaderose, as previously reported by Business News.
The plaintiffs claimed, in the writ, that they transferred their Mercedes Group shares to Western Alliance for an undisclosed price in 2019.
According to the writ, the plaintiffs signed a deed with Western Alliance, Indonesian businessman Agung Salim and his wife Nini Djajasaputra in 2019.
Terms of the deed were changed in 2020 with references to Mr Salim replaced with Fikasa, the writ said.
Under the varied agreement, Fikasa would transfer ownership of a property in Melbourne to the plaintiffs if Western Alliance failed to make the payments.
The plaintiffs alleged, in the writ, that Western Alliance did not make full payment of the purchase price, prompting them to make demands to Fikasa.
In the writ, the sellers alleged Fikasa failed to comply with the notices and claimed it should do all things necessary to transfer the Melbourne property.
The plaintiffs also sought an order for Fikasa to provide verification of identity for each of its directors to facilitate the transaction, the writ said.
An ASIC document shows Abraham Salim and Nadia Razif as directors of Fikasa International, both appointed to the company on November 18.
RP data has withheld the information of the owner of the Melbourne property in dispute.
Business News was unable to contact Fikasa.
