Emmacourt Pty Limited v Jewels of Australia Pty Limited [2007] FCA 1483

FEDERAL COURT OF AUSTRALIA

Emmacourt Pty Limited v Jewels of Australia Pty Limited [2007] FCA 1483

CORPORATIONS LAW – appointment of provisional liquidator – breach of Court Orders – balance of convenience favours not appointing provisional liquidator.

Corporations Act 2001 (Cth) s 472(2) Trade Practices Act 1974 (Cth)

Allstate Explorations NL v Batepro Australia Pty Limited [2004] NSWSC 261 Australian Securities Commission v Solomon (1996) 19 ACSR 73 Re McLennan Holdings Pty Limited (1983) 1 ACLC 786 Re South Downs Packers Pty Ltd (1984) 2 ACLC 541 Riviana (Aust) Pty Ltd v Laospac Trading Pty Ltd (1986) 10 ACLR 865 Tickle v Crest Insurance Co. of Australia Limited (1984) 2 ACLC 493

Gronow M, McPherson's Law of Company Liquidation (5th ed., Law Book Co. Service, 2006) EMMACOURT PTY LIMITED (ACN 002 819 034) v JEWELS OF AUSTRALIA PTY LIMITED (ACN 006 877 407), PNF SYSTEMS PTY LIMITED (ACN 105 219 341), PNF MANAGEMENT PTY LIMITED (ACN 105 219 378) AND ENTCORP PTY LIMITED (ACN 055 547 334) NSD 882 OF 2007

TAMBERLIN J

21 SEPTEMBER 2007

SYDNEY IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY NSD 882 OF 2007

BETWEEN: EMMACOURT PTY LIMITED (ACN 002 819 034)

Applicant

AND: JEWELS OF AUSTRALIA PTY LIMITED (ACN 006 877 407)

First Respondent

PNF SYSTEMS PTY LIMITED (ACN 105 219 341)

Second Respondent

PNF MANAGEMENT PTY LIMITED (ACN 105 219 378)

Third Respondent

ENTCORP PTY LIMITED (ACN 055 547 334)

Fourth Respondent

JUDGE: TAMBERLIN J DATE OF ORDER: 21 SEPTEMBER 2007

WHERE MADE: SYDNEY

THE COURT ORDERS THAT:

1. The application be dismissed. 2. The respondents pay the costs of the applicant on a solicitor-client basis and the applicant has leave to tax those costs and seek recovery thereof forthwith. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules. IN THE FEDERAL COURT OF AUSTRALIA