Michael Garnham is accused of not paying the company’s tax.

A company closely tied to a former Abel Tasman beach owner has been put into liquidation.

The Inland Revenue Department (IRD) applied to put Sams Bay Holdings into liquidation in March 2015, seeking to recover more than $250,000.

This year, a new application was filed by the IRD. That application was upheld by Associate Judge Warwick Smith in High Court in Wellington on Wednesday.

Smith ruled the company could not afford to pay its debts, which totalled “no less than $40,000”, he said.

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