DCPLH v Bargo Developments Pty Ltd (in liquidation), Craig Matthew Adams and others

632 old northern rd dural photo

revised in part on 15 and 16 December 2020 by Mark Smith

Bargo was the one-time owner of 632 Old Northern Rd, Dural NSW purchased from Mohan Kumar (under POA, executed by Ralph Paligaru).

DCPLH is the assignee of the secured debts of Mohan Kumar, Reliance Leasing, and Ralph & Amreeta Paligaru (owners of Dural Alliances Pty Ltd).

Together DCPLH is owed some $6,000,000+ as assignee of these debts (i.e. the Kumar assigned debt and the Paligaru/Dural Alliances assigned debt).

To discuss this project, litigation funding, Bargo, Craig Adams, Australasian, Ralph Paligaru or others – call anytime on 1300-327123.

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For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

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DCPLH v Golden Arrow International Pty Ltd (in liquidation)

golden arrow 3

revised in part on 15 and 16 December 2020 by Mark Smith

Golden Arrow International Pty Ltd (in liquidation) (“Golden Arrow”) is a creditor to DCPLH (as the assignee of Ralph Ignatius Paligaru, Amreeta Paligaru and Dural Alliances Pty Ltd, together “the Paligaru’s“).

Craig Adams was the director of Golden Arrow and other companies placed into liquidation in mid to late 2018 as a result of a windup application initiated by DCP Litigation Holdings arising from the assignment by Ralph and Dural Alliances to DCP Litigation Holdings.

Golden Arrow was the owner of a large development site at Warriewood sold for $16,700,000.

DCPLH is the assignee of the Paligaru’s debt where it seems, an unsecured creditor, Australasian Property Group Pte Ltd may have been paid a preference payment (in preference to the Paligaru’s, our assignors) or the payment to APG and security it received may be voidable?

These alleged facts may become the subject of litigation before the NSW Supreme Court in the coming months?

Anyone interested to discuss Golden Arrow, Craig Adams, Australasian or the Paligaru’s can call us anytime on 1300-327123.

To view related blogs, case notes or otherwise, follow the following category links and tags below.

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

To contact us with any tip-offs, files or information – please use the instant chat tools or form below: