Tinkler in court over failed company

Nathan Tinkler at the Supreme Court today. Picture: Attila Szilvasi Source: The Daily Telegraph

EMBATTLED coal baron Nathan Tinkler has arrived at the Supreme Court to face questioning over his role of his failed company Mulsanne Resources.

It is Mr Tinkler's first public appearance in weeks, with his whereabouts having become the subject of great speculation.

Unless Mr Tinkler comes up with an 11th hour payment of a $28.4 million debt owing to a small stock market listed coal company he will face a grilling in a liquidators examination today.

Mr Tinkler has reportedly approached four financiers asking to borrow the cash to pay the debt, but has been turned down.

He is reported to be in financial dire straits - having allegedly borrowed $700 million secured against his stake in coal company Whitehaven - which is now estimated to be worth just $500 million.

Tinkler arrived at court shortly before 10am and went next door to his barrister's chambers - fuelling speculation he is trying to strike a deal to avoid the public probe.

Mr Tinkler, 37, has lost a considerable amount of weight since he was last in public several months ago.

He is required to turn up to court today.

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