Liquidator moves on Keeling firm.

Australasian Business Intelligence, February, 2003

Feb 11, 2003 (The Sydney Morning Herald - ABIX via COMTEX)

The major private investment company of the founder of failed Australian telco, One.Tel, will be liquidated. A judgment in the Supreme Court of New South Wales has favoured an application from the Australian Taxation Office to wind up Bradley Keeling Management and recover nearly $A11m for creditors. According to the judgement, it is not in the interests of investors for the company to remain in voluntary administration. Its debt position is unclear with disagreement on debts owed both to and by the company. Bradley Keeling had sworn an affidavit that his company owed just $A468,000 apart from a liability to the taxation office, but was owed $A28m from other companies in the group.

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