Dyldam Development boss Sam Fayad is facing the threat of bankruptcy after being ordered by the NSW Supreme Court to pay a debt of $1.6 million.
A bankruptcy notice served by Barrak Lawyers on behalf of their client Eid Azzi obtained by The Australian Financial Review orders Mr Fayad to pay $1,638,421.16 within 21 days of service of the January 13 notice or bankruptcy proceedings may be taken against you.
Mr Fayad declined to comment on the matter, when contacted by The Australian Financial Review.
The Azzi family owns Sydney Excavations Group, a large demolition and earthworks company that has carried out work for major developers including Greenland and Poly Global.
[dm-listing-recommendation experimentname=midcontent-listings pos…Read the full article at: https://www.commercialrealestate.com.au/news/dyldam-ceo-sam-fayad-facing-bankruptcy-threat-1021981/