Transurban has filed a petition in the Supreme Court of New South Wales to wind up ACFS Port Logistics, the freight and logistics company controlled by the Tzaneros family.
The move follows a pattern of late payments and financial disputes that have plagued the logistics operator, according to reports from the Australian Financial Review.
The hearing, which took place last Tuesday, was brief but signals a significant escalation in the commercial dispute.
Transurban's decision to pursue winding-up proceedings suggests that the unpaid debts have reached a critical threshold, forcing the toll-road giant to seek judicial intervention to recover funds or dissolve the debtor entity.
ACFS Port Logistics has faced scrutiny for its payment practices, with industry sources noting a reputation for delayed settlements.
This legal action adds to the pressure on the Tzaneros family's business interests, which have previously navigated complex financial and regulatory challenges.