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Cedar Meats disputes Supreme Court writ seeking forced sale of abattoir – The Age

Cedar Meats, the site of Victoria’s first major COVID-19 outbreak, denies that it could be sold off amid claims the company walked away from an $11.3 million loan….

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Mortgage management firm Aster Capital alleges that Cedar Meats and its guarantors had agreed to pursue an $11.3 million loan on October 26 last year.
But the abattoir pulled out the next day, or did not intend to proceed, Aster Capital alleges, but is still liable for $879,905 worth of fees and charges which have yet to be paid.
That includes a $339,000 establishment fee, $220,000 procurement fee, $200,000 brokerage fee, $15,000 in legal fees and $112,905 for one month of interest at an annual…

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