Mainzeal directors had ‘policy of insolvent trading’, liquidators say
Liquidators' evidence in Mainzeal Supreme Court case begins.
Hamish McNicol
Wed, 09 Mar 2022
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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