Nosh ‘cashflow insolvent’ at time of sale, says liquidator
Creditors meeting rejects motion to change liquidator.
Trade creditors owed at least $1.6 million by Old NGL, once known as Nosh Group, have heard the business relied on huge cash advances from its parent Veritas Investments to stay afloat.
At a meeting of creditors in Auckland this morning, liquidator Iain Shephard of Shephard Dunphy said Veritas
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Tim Hunter
Wed, 04 Oct 2017
Wed, 04 Oct 2017
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Nosh ‘cashflow insolvent’ at time of sale, says liquidator
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