Builder in court over selloff before company collapsed

Posted on September 8, 2013 by | 0 Comments
Richard Rohrt, liquidator: Mr Suckling's conduct was a 'breach of his statutory and common law duties'.

Richard Rohrt, liquidator: Mr Suckling’s conduct was a ‘breach of his statutory and common law duties’.

Barry Suckling, founder of National Builders Group, is facing a Supreme Court fight over allegations that assets were inappropriately transferred or sold off before the company’s collapse early last year.

The legal dispute centres on the control of intellectual property formerly owned by NBG, including trademarks and designs and plans of 200 homes the company licenses and sells to home buyers and builders.

The Melbourne-based firm was voluntarily wound up in March 2012 with debts estimated at more than $22.3 million. It is estimated NBG generated $18.15 million in revenue and held assets worth $41.78 million in the financial year to March 21, 2012.

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