Creditors of Ponsonby fine dining restaurant Sidart have been left more than $1.1 million out of pocket following the completion of the company's liquidation.
A final report by liquidators Tony Leonard Maginness and Jared Waiata Booth, of Baker Tilly Staples Rodway Auckland, confirmed the company behind the restaurant, All In Cuisine Limited, had no surplus assets to distribute.
Total claims received from creditors amounted to $1,156,574. Unsecured creditors, who claimed $1,009,250, received nothing from the wind-up.
Preferential creditors claiming $145,315 and secured creditors claiming $2,009 also received no distribution during the liquidation process.
The liquidation has now concluded, with the company ready to be removed from the Register of Companies.
