The Carmel-based homebuilder said Tuesday that it will shut down if outside investors or a line of credit aren't obtained soon. The company previously received a cash infusion last June from a group of subcontractors.
E.Com Technologies LLC, which serves the large Centennial subdivision in Westfield, cannot expand its service territory without the state agency's permission. Charges of anti-competitive behavior led to the decision.
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
Estridge Cos.' subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an
infusion that paves the way for them to proceed with
a massive development in Westfield.