Coro Mainstreet in liquidation

Last updated 11:43 17/06/2014

Relevant offers

Money

Value of pet insurance gives paws for thought Support for mass KiwiSaver enrolment Southern Cross spent $800 million on claims Looking under the bonnet of mechanical breakdown cover Many Aucklanders just scraping by, survey finds Jailed property developer Malcolm Mayer loses appeal Gina Rinehart loses control of A$5 billion family trust Average cost of data breaches now at $5.2 million a year for companies, study says Prime Minister John Key warns property speculators will get caught Property investors borrow $1.8 billion in April

Coro Mainstreet Inc has been placed into liquidation following a failure to pay it's court bills. 

The incorporated society has been in a long-standing battle with the Thames-Coromandel District Council over the latter's decision to allow a Four Square on the mainstreet of Coromandel town.

It lost both fights, and was ordered to pay costs of $28,000 to the council and Foodstuff NZ, the proprietors of the Four Square brand.Thames-Coromandel chief executive David Hammond said the date for payment had long passed. 

"We've now appointed a liquidator to recover the costs which is pursuing the Incorporated Society and not any individual," says Mr Hammond.

The case will be heard at the High Court in Hamilton later this year. 

Foodstuffs push ahead with pland for its Four Square at Coromandel Town. A start date for the work has not been confirmed.

Ad Feedback

- Waikato Times

Special offers

Featured Promotions

Sponsored Content