A winding up application for Nawi Island Limited has been filed in the Suva High Court.
Filed by PricewaterhouseCoopers, the application for winding up was made on March 4th.
The case will be heard in the Suva High Court on May 1st.
The winding up of a company (also known as liquidation) is the process by which a companys assets are collected and sold in order to pay its debts.
Nawi Island Limited is currently undertaking a multi-million dollar project at Nawi Island, in Savusavu Bay.
The project involves the construction of an adjoining resort and spa, marina, private villa lots, yacht club and a dry dock.
Recently the company has been under scrutiny for the removal of about 23 acres of mangroves o…
Read the full article at: https://www.fbcnews.com.fj/news/court/liquidation-application-filed-in-court-for-multi-million-dollar-project/