BESIEGED former billionaire Nathan Tinkler has managed to stop a warrant being issued for his arrest by offering up a property owned by his mother.
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An order was made in the Adelaide Supreme Court in July to prepare a warrant for Mr Tinkler's arrest after he failed to appear to answer questions about the demise of his Patinack Farm thoroughbred racing and breeding empire.
The order was set aside earlier this month after Mr Tinkler entered into negotiations with liquidator Anthony Matthews and Associates.
It is understood Mr Tinkler has offered a vacant block of land in Kendall as a settlement in the case.
A title search of the land shows it is owned by Tinkler family business Serene Lodge Investments, that is owned by Zelda Tinkler.
The company's directors are Mr Tinkler, his father Les Tinkler and sister Donna Dennis.
Patinack Farm Administration, which was placed in liquidation in 2012, has taken out a caveat on the land until the settlement is finalised.
According to court documents, the liquidator agreed to the arrest warrant being set aside.
The case to publicly examine Mr Tinkler over the business failure is listed for mention next month.
"It is likely that the matter may resolve completely and, accordingly, no examination will take place," court documents state.
Amid a scuffle for company records, Mr Matthews spent more than a year trying to get Mr Tinkler to attend court to explain the collapse of Patinack Farm Administration.
July's court action came almost three years after the collapse of the business that employed about 240 people.
Its liquidation was triggered by a $16,978 debt to WorkCover SA. At the time, the company had only $100 in cash and no money in the bank.
In March, Mr Tinkler made an 11th-hour deal with the liquidator to stave off a court appearance, paying $400,000 towards the company's debt. But negotiations broke down and Mr Tinkler was to be grilled over the thoroughbred stud's dealings and his personal finances in July. When he failed to appear, Judge Steve Roder made an order that a warrant should be prepared for his arrest.