A village in Papua New Guinea. Evaluation Consult gas been attempting to recover $300,000 owed to it by PNG.
A Wellington company will be liquidated after failing to recover more than $300,000 owed to it by the Papua New Guinea (PNG) government.
Evaluation Consult was put into liquidation on March 24 following an application by the Inland Revenue (IRD) in relation more the $685,000 in unpaid taxes.
In a High Court judgment, associate judge Warwick Smith said the money owed to the IRD was “now very substantial” and there appeared to be “no hope” of paying the debt within a reasonable timeframe.
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Read the full article at: http://www.stuff.co.nz/business/90936426/wellington-company-in-liquidation-after-failing-to-recover-debt-from-png