HVAC Construction (Qld) Pty Ltd v Energy Equipment Engineering Pty Ltd [2002] FCA 1638

FEDERAL COURT OF AUSTRALIA

HVAC Construction (Qld) Pty Ltd v Energy Equipment Engineering Pty Ltd

[2002] FCA 1638 Corporations – winding up – insolvency – application for review of winding up order – motion for approval for director to bring application in name of company – motion for stay of winding up proceedings – winding up order made by Registrar – nature of review proceedings – non-compliance with statutory demand – presumption of insolvency – court approval of director bringing application for review – whether necessary – criteria – stay of winding up – relevant considerations – merits of argument – necessity to obtain leave in relation to debt in dispute – criteria for leave – balance of interests – stay refused – approval revoked subject to lodgment of security for costs of application for review Corporations Act 2001 (Cth) s 459F, s 459S, s 471A, s 482 Federal Court of Australia Act 1976 (Cth) s 35A Re Diamond Fuel Company [1879] 13 Ch D 400 cited Arafura Finance Corporation Pty Ltd v Kooba Pty Ltd (No 2) (1987) 12 ACLR 331 cited Anfrank Nominees Pty Ltd v Connell (1989) 1 ACSR 365 cited Aetna Properties Ltd (in liq) v GA Listing & Maintenance Pty Ltd (1994) 13 ACSR 422 cited Emanuele v Australian Securities Commission (1995) 63 FCR 54 cited Object Design Inc v Object Design Australia Pty Ltd (1997) 78 FCR 60 not followed Emanuele v Australian Securities Commission (1997) 188 CLR 114 cited Re Rock Bottom Fashion Market Pty Ltd (in liq) (2000) 2 Qd R 573 followed Vynotas Pty Ltd v Mystic Crystals Franchises (Aust) Pty Ltd [1999] QCA 473 cited Walker v Midlink Nominees Pty Ltd (2000) 22 WAR 318 followed Brolrik Pty Ltd v Sambah Holdings Pty Ltd (2001) 164 FLR 91 followed Rodgers v CJS Panels Pty Ltd [2001] VSC 470 cited Helljay Investments Pty Ltd v Deputy Commissioner of Taxation (Cth) (1999) 74 ALJR 68 cited Dooney v Henry (2000) 74 ALJR 1289 cited Harris v Caladine (1991) 172 CLR 84 Official Trustee in Bankruptcy v Nedlands Pty Ltd (In Liquidation) (2000) 99 FCR 554 Re Wakim, Ex parte McNally (1999) 198 CLR 511 cited Trustees of the Franciscan Missionaries of Mary v Weir (2000) 98 FCR 447 cited Lane Cove Council v Geebung Polo Club Pty Ltd (Green as liq) (No 2) (2002) 41 ACSR 15 cited Re Warbler Pty Ltd (1982) 1 ACLC 323 cited David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265 cited Chief Commissioner of Stamp Duties v Paliflex Pty Ltd (1999) 17 ACLC 467 cited House of Tan Pty Ltd v Beachiris Pty Ltd (1996) 14 ACLC 1536 cited Zan Holdings Pty Ltd v BayView Holdings Pty Ltd (1997) 15 ACLC 1238 cited Bayview Holdings Pty Ltd v Zan Holdings Pty Ltd (unrep 10/10/98) Switz Pty Ltd v Glowbind Pty Ltd (2001) 19 ACLC 532 HVAC CONSTRUCTION (QLD) PTY LTD V ENERGY EQUIPMENT ENGINEERING PTY LTD No W3020 of 2002 FRENCH J 10 DECEMBER 2002 (Date of Publication of Reasons 9 January 2003) PERTH