1 min read
Craig Matthew Adams - former proprietor of Golden Arrow, Mikara Developments, Bargo Developments, Key Asset Management and more
Mark Smith
:
2 June 2019 4:15:07 PM
revised in part on 15 and 16 December 2020 by Mark Smith
Craig Matthew Adams ("Craig"), who lists his occupation as "investor", is a former company director.
Craig came to DCPLH's attention related to several insolvent companies liquidated in mid to late 2018. The group of companies includes:
- Golden Arrow International Pty Ltd
- Bargo Developments Pty Ltd
- Mikara Developments Pty Ltd
- Mikara Investments Pty Ltd
- Greenviews Castle Hill Pty Ltd
Craig is personally bankrupt. A copy of the sequestration order is viewable here.
Craig was personally liable for a debt of $4m (plus interest) from Mohan Kumar. DCPLH is the assignee of Mohan Kumar for the fruit of that debt - an assignment entered into by Ralph as Kumar's POA. DCPLH was also the assignee of Reliance Leasing for a small debt owed by Craig and Bargo at the time of Craig's bankruptcy.
Craig was made bankrupt on 13 December 2018 by a debt owed to Australasian Property Group Pte Ltd ("Australasian"). Craig trustee in bankruptcy is Andy Scott of PWC.
Presently, Craig's debt to Australasian is $2,059,753.46 (as at 31 May 2019). Australasian are yet to recover the alleged debt (as at 31 May 2019) according to published documents.
Craig's creditor's report is available for inspection here.
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