|David Levi opposed |
of Terra Cresta.
On November 2, 2015 Supreme Court registrar Rebel Kenna ordered that the books and records of Terra Crest Business Solutions Pty Ltd (TCBS) be delivered to Schon Condon, who was appointed liquidator the same day when the company's former director, Owen Salmon, successfully applied for its reinstatement.
SiN's sources have advised that the TCBS files arrived at Condon's offices in Parramatta on February the 16th, 14 weeks after the date of the order.
When contacted, Condon confirmed that he'd received the material but wouldn't say when it had arrived. He did however say he'd not yet gone through it. Levi did not respond to questions and requests for comment.
What SiN has learned independently is that it was initially represented to Condon by an unidentified party that the books and records of TCBS comprised 160 boxes.
As any insolvency practitioner knows, storing reams of paper incurs a cost and as a general rule liquidators in possession of truckloads of files are only too happy to pass the burden to whomsoever the court instructs. But Christmas and New Year can of course frustrate the best efforts to comply with the wishes of the court and so Condon waited. And waited.
Levi was appointed liquidator of TCBS on August 4, 2008 following an application to the court by colourful insolvency identity Andrew Wily and even then, the files were a point of contention.