Tech entrepreneur Ashutosh Sharma bankrupted over rent arrears

Tech entrepreneur Ashutosh Sharma bankrupted over rent arrears
Ashutosh Sharma was adjudicated bankrupt after his former landlord took him to court. (Image: NZME)
Oliver Lewis
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...

More Finance

Craigs' sweet spot for golden visa investors
Finance

Craigs' sweet spot for golden visa investors

Billionaires can go solo. For other wealthy investors, there's Craigs' new fund.

Net assets down, losses widen in Macquarie Group NZ's FY
Finance

Net assets down, losses widen in Macquarie Group NZ's FY

Financial group books wider full-year loss as net assets slip.

Staff reporters 12 Sep 2025
Rates capping could hit council credit ratings
Finance

Rates capping could hit council credit ratings

Treasury warns rates are ‘significantly below’ sustainable levels.

Oliver Lewis 11 Sep 2025
Majority of CFOs want Govt policy shift, but don't expect it
Finance

Majority of CFOs want Govt policy shift, but don't expect it

The Mood of the CFO survey shows a “two speed” economy with wildly divergent results.

Dileepa Fonseka 10 Sep 2025