A Brisbane builder has plunged into administration with claims subcontractors are owed thousands, while more than $1.5m is owed to dozens of creditors. SEE THE FULL LIST
Tayla Couacaud 3 min read June 7, 2024 - 7:32PM Courier Mail
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A trail of financial destruction totalling $1.5m has been uncovered after a failed Brisbane building company plunged into administration last month.
Administrators were appointed in May for MSN Properties Pty Ltd — trading as MSN Homes — which, according to ASIC documents, owes 27 unsecured creditors $1,552,489 along with an outstanding ATO bill of $230,000.
Documents lodged with the Australian Securities and Investments Commission listed the company’s directors as Mandeep Narang of North Lakes
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