A company owned by a respected Auckland businessman and Queen’s Service Medal recipient owes $4 million to creditors, with a finance firm demanding $179,000 for a luxury Rolls-Royce Ghost car, a liquidator’s report reveals. Indian community leader Davinder Singh Rahal is the director of First Trust Limited (FTL), along with his wife Jivan. He and FTL have been ordered to pay a young couple nearly $1m in damages for deceptive conduct after selling them a rotting home in a case described by a judge as “quite literally a cover-up” .
Rahal’s company was tipped into liquidation last month by Takapuna law firm Simpson and Western over unpaid legal fees. In a first liquidator’s report this week, Baker Tilly Staples Rodway liquidator Jared Booth detailed the state of the company’s finances, its current debts and a list of known creditors, which include a major bank, Auckland Council , IRD and a series of legal firms..