He complied an additional report to the court and ASIC confirming ASIC's findings and also noting Commercial IBT had changed its name to Kantoch the day before ASIC's earlier application, proper books and records of the company were not provided to the liquidator, the operations of Commercial IBT were not properly explained to the liquidator, and Commercial IBT's shareholders resolved to cancel shares in the company to leave a share capital of two dollars. https://www.financialstandard.com.au/feed/latest?story=18717 en-AU Copyright 2026 Financial Standard 5