Significant Risk Applications for Winding up/Liquidations20/02/2026

An application for liquidation has been submitted by Balmain Nz Commercial Mortgages Limited and will be heard by the High Court.

An application for liquidation by a creditor is generally an indication that all attempts by Balmain Nz Commercial Mortgages Limited to recover a debt from Kusama Development Limited have been unsucessful. A petition has been made to to the Court to place Kusama Development Limited in liquidation.