Assetora Challenges $990K Statutory Demand from SILC Amid Debt Dispute
Assetora Limited has received a statutory demand for nearly $1 million from Specialised Investment and Lending Corporation, which it is vigorously disputing and legally challenging.
- Statutory demand for $990,017.46 issued by SILC
- Alleged event of default under Note Deed Poll and Security Agreement
- Assetora disputes both existence and amount of debt
- Legal counsel engaged to set aside demand citing genuine dispute
- Potential offsetting claims under Corporations Act invoked
Background of the Dispute
Assetora Limited (ASX, AOH), a player in the financial services sector, announced on 10 December 2025 that it has received a statutory demand from Specialised Investment and Lending Corporation (SILC), acting as trustee for the DomaCom Limited Security Trust. The demand, dated 1 December 2025, calls for payment of $990,017.46 and alleges that Assetora has triggered an event of default under the terms of a Note Deed Poll and General Security Agreement.
Company's Response and Legal Strategy
Implications for Assetora and Investors
While statutory demands are a common tool used by creditors to enforce payment, they can also signal financial distress or disputes that may affect investor confidence. Assetora’s public dispute and legal challenge suggest the company is actively defending its position and seeking to avoid any immediate adverse consequences such as insolvency proceedings. However, the outcome remains uncertain, and the resolution timeline could influence the company’s liquidity and share price volatility.
Looking Ahead
Investors and market watchers will be keenly observing subsequent court filings and company updates to gauge the potential financial and reputational impact. The dispute also raises questions about the underlying agreements between Assetora and SILC, and whether this is an isolated incident or indicative of broader financial pressures within Assetora’s operations.
Bottom Line?
Assetora’s legal challenge to the $990K demand sets the stage for a critical test of its financial resilience and governance.
Questions in the middle?
- What are the specific grounds Assetora cites to dispute the debt’s existence and amount?
- Could this dispute signal deeper financial or operational issues within Assetora?
- How might the resolution of this statutory demand affect Assetora’s share price and investor sentiment?
