Matala Is Not "on the Brink of Bankruptcy"

10 years, 4 months ago - December 11, 2013

An application for liquidation was filed against Matala Properties Ltd.. A request that the director of that company intends to challenge. And supporting figures, Andrew Smith indicates that the financial health of the company is in good shape.

Demand for liquidation filed against Matala Properties Ltd in Commercial Division of the Supreme Court will be challenged. This was said to lexpress Andrew Smith, director of Matala. He pointed out, with supporting figures, the financial health of the company is in good shape. He argues that the applicant, namely Milestone Construction Consultants Ltd , was unjustified that the company refused to consider claims.

Andrew Smith provides, for its part, the consultant who acted as Quantity Surveyor on site Matala Lifestyle Estate & Spa "abandoned the site by leaving incomplete work." "We will let the courts decide the request for Milestone. We have no difficulty in payments. The amount involved is small, but we do not intend to pay someone who does not deserve it. "

Text by lexpress.mu

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