Country Club company placed in liquidation

The vandalised Gulf Harbour Country Club sign now overgrown and barely visible.The ongoing saga of Gulf Harbour Country Club had a partial resolution for creditors when the company GHCC2016 (the company formed to run the club) was placed in liquidation on February 5 at the High Court in Auckland.However, the fate of the country club…

Former Napier car and boat dealer EuroCity owes $4.2m; owner says majority owed to his other companies

The first liquidators’ report revealed the company owed about $1.2 million, as at mid-April 2024. However, a second liquidators’ report was released in December, providing more information about the company’s books and debt. That report stated the company owed $4,196,508 to creditors (as at mid-October) including over $200,000 to staff. AdvertisementAdvertise with NZME. That was…

After SC ruling, INSCO set to acquire Hindhustan National Glass & Industries

Independent Sugar Corporation (INSCO), of the Uganda-based Madhvani Group said it has received a favourable order from the Supreme Court of India, clearing its path to acquire Hindusthan National Glass & Industries (HNG) through the Insolvency & Bankruptcy Code (IBC) process. The Supreme Court ruling has resolved a long-standing corporate dispute, allowing INSCO to establish presence in…