The construction company at the centre of a battle over the Hawke's Bay Regional Council building on Dalton St has been liquidated.
A lawyer for Herbert Construction appeared in court yesterday and asked to have the liquidation hearing adjourned for a further month.
Herbert Construction's lawyer, Daniel Kerr, said the company was planning a compromise using funds from offshore interests in Fijian-based companies to pay back its indebted creditors.
The adjournment was opposed by lawyers representing various creditors present in court who said Herbert Construction's promise of a compromise was all "smoke and mirrors".
Lawyer, Bruce Gilmour, represented creditor Carter Holt Harvey yesterday and said Herbert Construction was just "delaying the inevitable".