Significant Risk Applications for Winding up/Liquidations14/11/2024

An application for liquidation has been submitted by Magna Trust Company Limited and will be heard by the High Court.

An application for liquidation by a creditor is generally an indication that all attempts by Magna Trust Company Limited to recover a debt from Acadia Investment Limited have been unsucessful. A petition has been made to to the Court to place Acadia Investment Limited in liquidation.