Debts associated with popular sydney radio host Mark Levy’s collapsed restaurant have spiraled into seven-figures as he attempts to push back on liquidation proceedings.
Saint George Hospitality, the company behind Mr Levy’s closed Pronto Sylvania eatery, owed nearly $1.8 million, according to a report lodged with the Australian Securities and Investments Commission (ASIC).
That figure involved $1.66 million owed to unsecured creditors, which included himself, as well as at least $99,000 to secured creditors, The Daily Telegraph reported.
The report, filed by liquidator Mitchell Ball, showed the company also owed $237,500 to Ainscough Holdings and $241,000 to the tax office.
The revealed debt did not include nearly 40 staff being owed pay and entitlements.
It comes after a Winding Up Order for Saint George Hospitality was ordered by the NSW Supreme Court, with a notice of the order published on October 20.
Mr Ball’s recent report outlined Mr Levy’s intention to apply for a reversal to the wind-up order to allow the company to be put into administration.
“The director has indicated that he is in the process of refinancing his real property in order to fund a Deed of Company Arrangement proposal with the aim of maximising…