Mainzeal directors had ‘policy of insolvent trading’, liquidators say
Liquidators' evidence in Mainzeal Supreme Court case begins.
Hamish McNicol
Wed, 09 Mar 2022
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The directors of failed construction company Mainzeal had a policy of insolvent trading which ultimately caused “huge” losses of more than $100 million to creditors, the Supreme Court has heard.
And in doing so they ensured existing creditors were paid but simultaneously put new creditors, and
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Hamish McNicol
Wed, 09 Mar 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Mainzeal directors had ‘policy of insolvent trading’, liquidators say
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