Ann: Annual General Meeting Update, page-24

While I make no specific opinion in respect of the financial standing of IGE (which is difficult in the absence of recent audited accounts) here are some comments from a recent article:

https://www.mondaq.com/australia/insolvencybankruptcy/1014592/tgif-nsw-supreme-court-refuses-to-wind-up-company-based-on-outstanding-debt-alone
In cases where a company has failed to pay an undisputed debt, consideration should be given to the option of issuing a statutory demand to secure the benefit oa presumption of insolvency. However, if a statutory demand is not issued (or not possible), it is important to show more than the mere existence of an undisputed unpaid debt to prove insolvency. Other indicators courts have used include: evidence of continuing losses; overdue taxes; issuing of post-dated cheques; and an inability to produce timely and accurate financial information or make reliable forecasts.

It is difficult to comment on taxes and cheques but IGE seems to score on 3/5.