CP Asset Management Ltd (Prakash Pandey) has lost a Supreme Court bid to overturn a Court of Appeal judgment which reinstated the original court-appointed liquidators to another Pandey company.
The Mainzeal construction group’s receivers said in their second report, filed yesterday, they had recovered $22.53 million, paid out $18.4 million and may retire before their next report is due out, in February 2014.
Published 23 April 2012 A High Court judge turned down insolvent entrepreneur Andrew Tauber’s debt compromise scheme today, but nobody was available to take the consequent step of bankrupting him. Mr Tauber succeeded in getting the required creditor majorities by number & value in support of his proposal in December. But the liquidators of APG […]
Published 24 April 2012; this story accompanies one written yesterday – see link below: Against debts of about $90 million (but as high as a gross $109 million in one count), much of it through guarantees to lenders, Auckland entrepreneur Andrew Tauber offered a small payout to creditors, in the range of about 1.6% overall. […]
Published 22 August 2011 Auckland High Court associate judge Roger Bell has again attacked the case brought by the receivers of lender St Laurence Funding Ltd to wind up 3 companies associated with bankrupt property developer Stephen Kelly. The applications to liquidate Great Western Land Ltd, Merchant Land Ltd & Progression Development Ltd – directors […]
Published 11 June 2011 Auckland property developer David Henderson was adjudicated bankrupt at 5pm on Thursday after Associate Judge David Abbott concluded that the failure to win court approval for his first creditors’ proposal was his own fault, there was prejudice to creditors in delaying a decision further on a second proposal and there were […]