Murray Wilson/ Fairfax NZ.
The Palmerston North City Council has stopped legal action to get liquidators removed from administering a property company.
The Palmerston North City Council has abandoned plans to get liquidators booted from controlling a property company that is set to leave creditors more than $700,000 out of pocket.
The issues relate to Farm Holdings (4) Ltd, a company previously owned by developer Les Fugle who who has had multiple run-ins with the city council over plans to develop land on the outskirts of Palmerston North.
However, Fugle was not a shareholder at the ti…
Read the full article at: http://www.stuff.co.nz/business/93079654/city-council-quits-action-against-liquidators-of-manawatu-property-company