Its owner at the time had plans for an upper-end drinks operation utilising a pre-existing water resource consent for the taking of water from a bore.
The company was placed in liquidation by the High Court last July, and, although the application was lodged by a company owed just $5100, the liquidator said in his first report unsecured creditors were owed $2,437,334 and secured creditors $246,581.
In the latest report he said many creditors had not gone through with claims, with $787,395 claimed by 27 unsecured creditors.
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Proof of debt came from four secured creditors collectively owed $252,783, but two chose to realise property subject to their security, and at the time of the report there were six…
