Olde trumps Wily despite $25k cap

Andrew Wily
Photo: SiN Images

TAYLOR Wooding’s Quentin Olde has edged out Andrew Wily to be appointed liquidator of Alatus Pty Ltd.

Alatus's director and co-shareholder Edward Mandla had applied to have the company wound up. His liquidator of choice was Olde.

But Stepan Stepanian, who holds the other half share in the company, and is listed as second defendant after Alatus, had other ideas.

Shock bouquet for outcast Ariff

Struck-off and jailed ex-liquidator Stuart Ariff .
Photo: OptusZoo.net

STUART Ariff, the disgraced liquidator jailed for milking millions from companies under his administration, has been complimented for professionalism.

The surprise felicitation is contained in a submission to the Senate Economics Committee's inquiry into the post-GFC banking sector.

The author of the submission owned a painting firm in Forbes. In 2005 he and his then wife came under pressure from lender Bankwest. 

They decided to consult with Taylor Woodings about the possibility of appointing a voluntary administrator (VA).