Uninvited crash Octaviar’s ex-parte

Bentleys' Kate Barnet
Photo: SiN Images

SUPREME Court Acting Justice Peter Young has spiked the punch at the Octaviar liquidators’ ex-parte party.

In a recent judgement the judge criticised liquidators Kate Barnet and Bill Fletcher for a lack of candour, branded Barnet’s performance during cross examination as “so vague as to be of little value” and rejected the Bentley pair’s attempts to repel interlocutories filed by former Octaviar Administration Pty Ltd (OA) and Octaviar Limited (OL) directors David Anderson and Craig White.

Barnet was singled out perhaps because the judge had heard her unfortunate cross-examination earlier in the year.

“She did not acquit herself very satisfactorily and her evidence would suggest that she had really very little day to day contact with this matter,” the judge wrote, before offering up some more conciliatory speculations.

“That may be unfair to her because it would seem that she did not realise that she was going to be called to give evidence before me and was involved in some other court case or conference immediately before she stepped into the witness box in my court at 10:38am.”

Hillsong hopes rest with the good Doctor

Affinity Capital creditor Dr Leslie Indrasith.
Photo: SiN Images.

THREE former directors of Affinity Capital Pty Ltd yesterday submitted to questioning as part of an ongoing public examination into the firm's spectacular collapse. (See: Hillsong stung by Affinity fallout )

Dr Leslie Indrasith (pictured) invested $400,000 with Affinity Capital Pty Ltd in May, 2008 after meeting Affinity director Daniel Ku at the Hillsong church in Castle Hill.

Affinity Capital was the financing and trading entity of the Affinity Capital Group, which comprised multiple related companies.

Dr Indrasith asked for his money back in June 2008. Affinity's directors declined to comply. 

On October 10, 2008 most of the Affinity Capital Group companies were placed in voluntary administration. 

Two companies – Affinity Alliance Fund and Acuity Property Fund – were placed into liquidation.