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Craig Matthew Adams – Golden Arrow, Mikara, Bargo Developments, Dural

Mark Smith : June 3, 2019 2:15:07 AM AEST

Current projects Corporate Insolvency Blog Insolvency blog ATO debts 632 Old Northern Rd Defendant profile bankruptcy Dural Alliances Craig Adams Ralph Paligaru APG Franklin Yeezy Holdings Pty Ltd Chhota Rajan Golden Arrow International (in liquidation) Bargo Developments Pty Ltd (in liquidation) Franklin Yeezy John Mahony Bargo Development (in liquidation) Ian Jordan Craig Matthew Adams Dural Alliances Pty Ltd Torrens Assurance Fund TAF Golden Arrow International Pty Ltd (in liquidation Maya Purushothaman Bargo Developments Pty Ltd Justin Hatfield Paligaru John Francis Mahony Dural Alliances Pty Ltd (in liquidation) Rajendra Sadashiv Nikalje John Mahony Clients 632 Old Northern Rd Dural Australia Paligaru Pty Ltd Mahony Law chhota rajan down under

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:

  1. Golden Arrow International Pty Ltd
  2. Bargo Developments Pty Ltd
  3. Mikara Developments Pty Ltd
  4. Mikara Investments Pty Ltd
  5. 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.

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

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