The Federal Court has ordered embattled builder Modco Residential be handed over to liquidators, just days before the company’s growing list of fed-up creditors had been due to consider a proposal by administrators.

Federal Court Registrar Phillip Allaway ordered the company founded by Perth glamour couple Yusuf Khan and his wife Cynthia Lu be wound up on Tuesday, opposing an eleventh-hour bid by Modco’s lawyers to halt the move.

Modco Residential construction owners Yusuf Khan and Cynthia Lu.

The wind-up push was instigated by Kewdale-based recruitment agency Torquejobs, which took the matter to court in June claiming it was owed $28,000, but backed out after its debts were settled.

Law firm Rostron Carlyle Rojas Lawyers, represented by Jos Basson, was standing ready to pick up where this action left off, with fellow creditors Flexicommercial and Drywall Australia declaring their intention to follow suit.