Tech entrepreneur Ashutosh Sharma bankrupted over rent arrears

Ashutosh Sharma was adjudicated bankrupt after his former landlord took him to court. (Image: NZME)

Thu, 12 Sep 2024

An entrepreneur and company founder who claimed to be selling a business for $10 million this year has been adjudicated bankrupt in New Zealand after a prolonged dispute with his former landlord.Ashutosh Sharma told BusinessDesk that technology issues prevented him from appearing virtually at the hearing in the High Court at Auckland on Aug 22 (a claim the presiding Associate Judge found questionable) and that he intended to appeal the decision. Sharma, who is listed on the Insolvency Register as a current bankrupt, also alleged that an ag...

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