Brady
A PETITION to wind up NetServ Communi-cations (Ja) Ltd., the failed telemarketing company, for legal fees of US$18,000 owing to a Kingston attorney-at-law, was dismissed on Thursday because the company is in receivership.
Harold Brady, attorney-at-law, had filed the petition in the Supreme Court in September last year. When the case came up for hearing yesterday before Mr. Justice Donald McIntosh, the court was told that the company was in receivership. The petition was not heard on its merits and the judge dismissed it.
Mr. Brady, trading as Brady and Company, had contended in his petition that he made demands for the legal fees but NetServ had failed or neglected to pay it. He said the company was insolvent and unable to pay its debts, therefore he was asking that it be wound up.
The failure of NetServ took place a mere six months after it received a massive injection of $185 million of Government funds. During the period it had created just 209 of the 3,000 jobs it promised in the first year of its operations. A total of 10,000 jobs over three years had been promised by the company.
Phillip Paulwell, Minister of Industry, Commerce and Technology, has since admitted to making a mistake in his handling of what has become known as the NetServ fiasco.
