The company behind Octagon bar-restaurant CBK is facing liquidation but is hoping to come to an agreement to avoid the matter going to court.
Inland Revenue had applied to the High Court to put The Terrace Bar Ltd into liquidation.
A hearing is set for next Thursday in the Dunedin High Court. The application was first filed in January.
The statement of claim presented in the High Court said a total of $430,779.52 was owed by The Terrace Bar Ltd to Inland Revenue.
This was made up of $74,230.29 around GST, $356,489.23 around employer activities and $60 for income tax.
Last November, The Terrace Bar Ltd was served with a statutory demand under the Companies Act of $367,540.43. The statement of claim said the company failed to comply…