IAIN MCGREGOR/FAIRFAX NZ
Stonewood Homes was placed into receivership owing unsecured creditors $15m. Now the IRD has had two of its companies liquidated.
Two Stonewood Homes companies owing more than $1 million in taxes have been placed in liquidation.
Inland Revenue Department filed proceedings against Stonewood Homes New Zealand Ltd and Stonewood Homes Ltd, both in receivership, at the High Court in Christchurch on March 3.
The companies went into liquidation, unchallenged, shortly after 10.30am Thursday, the High Court ordered.
Inland Revenue claime…
Read the full article at: http://www.stuff.co.nz/business/79177265/high-court-liquidates-stonewood-homes-companies-owing-1m-to-ird