Coro Mainstreet in liquidation

Last updated 11:43 17/06/2014

Relevant offers

Money

Flexi Buy truck shop former director Vikram Mehta charged by watchdog Kiwis keeping partners in dark on finances Money Week: Spending habits begin in the home New website aims to encourage investment KiwiSaver members need to take long-term approach to market volatility KiwiSaver showing worrying symptoms of ignorance Matching yourself with a credit card Possible $29 million divorce wrangle reaches Supreme Court New era of cheaper airfares may be here for good Record Auckland house price effect continues to spread:QV

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