Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Australian Securities & Investments Commission v Eastlands Pty Ltd ACN 009 349 053 (No 2) [2006] FCA 1193 CORPORATIONS – insolvency – winding up application – failure to comply with statutory demand – challenging basis of insolvency – nature of debts relied upon to ground statutory demands – service of statutory demands not in dispute – statutory demands not received – failure to apply to set aside statutory demand regularly served – leave to issue subpoenas to challenge whether debts due and payable – demonstration of solvency in opposition to winding up application – width of proposed subpoenas – leave to issue subpoenas refused – conferral between parties for agreement on terms of subpoenas and documents to be produced Corporations Act 2001 (Cth) AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v EASTLANDS PTY LTD ACN 009 349 053, GOLDTAG PTY LTD ACN 085 432 239 (CONTROLLER APPOINTED), WESTPOINT MONEY MANAGEMENT PTY LTD ACN 098 779 778, ASSET BUILD (AUST) PTY LTD ACN 100 871 298, CINEMA CITY DEVELOPMENT PTY LTD ACN 091 824 298, WESTPOINT CONSULTING GROUP PTY LTD ACN 053 799 410, JETSTONE PTY LTD ACN 108 153 617, NETWORK COMPANY PTY LTD ACN 101 151 400, PAGELIGHT NOMINEES PTY LTD ACN 109 455 110, KINGDREAM PTY LTD ACN 092 481 377 (Receiver and Manager Appointed), JUSON PTY LTD ACN 008 998 927, BRIDGEVIEW HOLDINGS PTY LTD ACN 063 407 563, WESTSIDE BRISBANE DEVELOPMENTS PTY LTD ACN 116 479 013 WAD 180 OF 2006
FRENCH J
16 AUGUST 2006
PERTH (By video link from Melbourne) IN THE FEDERAL COURT OF AUSTRALIA
WESTERN AUSTRALIADISTRICT REGISTRY WAD 180 OF 2006
in the matter of: eastlands pty ltd acn 009 349 053 goldtag pty ltd acn 085 432 239 (controller appointed) westpoint money management pty ltd acn 098 779 778 asset build (aust) pty ltd acn 100 871 298 cinema city development pty ltd acn 091 824 298 westpoint consulting group pty ltd acn 053 799 410 jetstone pty ltd acn 108 153 617 network company pty ltd acn 101 151 400 pagelight nominees pty ltd acn 109 455 110 kingdream pty ltd acn 092 481 377 (receiver and manager appointed) juson pty ltd acn 008 998 927 bridgeview holdings pty ltd acn 063 407 563 westside brisbane developments pty ltd acn 116 479 013
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