Speaking to BBC Radio Northampton, he denied the charges but was unwilling to say more on the matter.
Kettering's eight months of anguish
Placed under transfer embargo and deducted three points for failing to pay players' wages in full
Replaced boss Mark Stimson with Mark Cooper, who subsequently refuses to work until players are paid. Ashley Westwood takes caretaker charge.
Winding-up petition from HMRC deferred.
George Rolls pays HMRC tax bill and effectively takes over from Imraan Ladak as club owner
Relegated from Blue Square Bet Premier
CVA bid launched as club decides to drop two divisions
CVA approved, clearing way for Rolls to complete his takeover
Regarding the CVA agreement, he said: "It's not good for the creditors who have lost their money. However, they will get some money back over a period of time.
"We feel for anyone put in this situation. I've been hit myself in the last three years on companies that have gone bust on me. I've lost £600k in bad debt and I understand what it's like. It's not a nice thing to happen."
He added: "There weren't that many people at the meeting. A lot of people had put their proxys in.
"The mood was one of relief that the CVA was accepted and I think everyone is looking forward to a really good start to the season.
"It's the start of a new era at Kettering Town. The club is now relatively debt-free and it's all positive.
"I think the fans will see a winning team next year, hopefully as well."
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.