'Very unfair': Collapsed petrol empire lands deal to pay fraction of $13m debt
The directors of Zoya Investments have agreed to a $2 million settlement to end the liquidator's case against them.
Directors of the collapsed Zoya Investments petrol empire have reached an agreement to settle a liquidator's case against them for $2 million. This settlement aims to resolve the company's outstanding debts, which were initially reported to be around $13 million. The agreement signifies a partial resolution to the financial fallout from the company's failure.
This settlement matters as it offers a partial resolution to creditors and stakeholders affected by the significant debt left by the collapsed petrol empire.
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