Rajesh Luthra and his wife Tripta Tripta recently moved into a new home in Rolleston.
August 5 was the day Rajesh ‘Rocky’ Luthra’s Sudesh Foods company crashed and burned down.
But just a day later, Luthera started a new business, Van de Broods Ltd.
Luthra established Sudesh Foods in February 2015 to primarily sell meat products to ethnic restaurants. Van de Broods is also in the wholesale food business, according to company records.
Sudesh Foods, which has debts of around $ 200,000, moved out of its leased premises in Hornby, Christchurch, a few months ago. Luthra gave the address as Van de Broods’ head office.
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He also lists it as his residential address when in fact he lives in a new house in Rolleston. He did not respond to messages from Thing.
The businessman has not won any friends among the liquidators of Sudesh Foods.
According to the first report from the liquidators on file with the Companies Office, Rodgers Reidy’s liquidators were unable to contact Luthra, unable to establish why the business failed and whether any employees have claims against the company.
The liquidators, according to their report, are trying to recover several motor vehicles belonging to the company, so that they can be sold.
These include a 2014 Range Rover, a 2008 Lexus IS-F sedan, a 2014 Holden Cruze Z-Series, and a 2015 Ford Mondeo Ambiente.
This is not the first time that Luthra has been on the wrong side of the administration. In 2010, the Luthra’s Blenheim winery was continually in trouble with Department of Labor inspectors over record keeping.
The Employment Relations Authority ruled that the company underpaid seven workers it employed by paying less than the minimum wage. He said the company or its associated entities caused difficulties for the Labor Ministry.
âThese difficulties have included issues such as failure to keep proper employment records, failure to provide copies of these records to the labor inspectorate, failure to deal with the labor inspectorate in a timely manner and refusal to comply with New Zealand requirements. law, âhe said.
Malcolm Hollis, Insolvency Partner of PricewaterhouseCoopers, said it was not illegal to register a new company to perform roughly the same business as the company in liquidation, but noted that new rules regarding companies âPhoenixâ came into effect a few years ago. They included a requirement that names should be different unless an exemption was granted.
The new company could take over the assets of the company in liquidation but there had to be a formal transfer process and the market value had to be paid.
The liquidators would look at “what the director did,” the process that was followed, the assets that were transferred and whether the director traded while insolvent, he said.
Uncooperative administrators might be forced to attend an interview with the liquidator, and if this is unsuccessful, the liquidator could send them to court for questioning.