One of Melbourne’s major trailer manufacturers has gone into liquidation and director has filed for bankruptcy, leaving many of its suppliers and customers out of pocket by at least $1 million.
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Indian Australians lost over $400,000 after trailer manufacturer declares bankruptcy
Jagjit Singh Gurm who is a spare parts supplier for Hoppers Crossing Trailers, lost over $78,000. Source: Supplied
A Melbourne-based professional trailer manufacturer has declared bankruptcy causing a total loss of $925,430 to its creditors. At least four companies owned by Indian Australians lost over $400,000 with two of them describing it as 'a breach of trust’ on the part of the director and co-company owner Sukhdev Singh and his associates.
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