Director of Du Val, Kenyon Clarke. Photo: kenyonclarke.com
The owners of the troubled Du Val property group have been given a deadline to hand any outstanding assets to receivers - and to explain the whereabouts of some jewellery.
Du Val, which comprised dozens of companies, was in statutory management, owing about $240 million dollars to creditors and investors.
Owners Kenyon and Charlotte Clarke were also in personal receivership.
The couple was ordered to hand most of their personal assets to the receivers, PWC, but there was a legal dispute about what they needed to hand over - and when.
In a memo released this week, a High Court judge said the Clarkes had until next week to explain what happened to some assets the receivers considered unaccounted for.
In particular, they must detail any jewellery they had not previously disclosed, the memo said.
If they considered an item to be lost, or they had given it away, they must provide details, the judge said.
By this Friday, the couple must hand over any assets previously identified in court documents to the receivers.
The Clarkes told the court they were unhappy with the conduct of the receivers who had a dual role as the statutory management of their companies.
However, they said they were committed to complying with all lawful orders.
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