Xat Ky v Australvic Property Management Pty Ltd [2007] FCA 1541

FEDERAL COURT OF AUSTRALIA

Xat Ky v Australvic Property Management Pty Ltd [2007] FCA 1541

CORPORATION – insolvency – winding up – failure to comply with statutory demands – presumption of insolvency – appointment of liquidator – application to have lawyers restrained from acting – principles to be applied – application to have proceedings re-opened Corporations Act 2001 (Cth), s 459G, s 459R, s 459S Evidence Act 1995 (Cth), s 75 Ace Contractors Staff Pty Ltd v Westgarth Development Ltd (1999) FCA 728 cited ASIC v Eastlands Pty Ltd [2006] FCA 1702 cited ASIC v Westpoint Corporation Pty Ltd (2006) 56 ACSR 646 cited Bahonko v Nurses Board of Victoria (No 3) [2007] FCA 491 cited Boucher v Australian Securities Commission (1996) 71 FCR 122 cited Browne v Dunn (1893) 6 R 67 considered Commissioner of Taxation v Simionato Holdings Pty Ltd (1997) 15 ACLC 477 cited Commonwealth Bank of Australia v Begonia (1993) 11 ACLC 1075 cited Crema (Vic) Pty Ltd v Land Mark Property Developments (Vic) Pty Ltd (2006) 24 ACLC 889 cited Crest Realty Pty Ltd (No 2) (In liquidation) (1977) 1 NSWLR 664 cited Expile Pty Ltd v Jabb's Excavations Pty Ltd (2002) 194 ALR 138 cited Geelong School Supplies Pty Ltd v Dean [2006] FCA 1404 followed Hindmarsh Medical Clinic v Hindmarsh Family Practice Pty Ltd (1997) 38 IPR 616 cited Horwath Corporate Pty Ltd v Huie (1999) 32 ACSR 413 distinguished Jardein Pty Ltd v Stathakis [2007] FCAFC 148 followed Leslie v Howship Holdings Pty Ltd (1997) 15 ACLC 459 cited Londish v Gulf Pacific Pty Ltd (1993) 45 FCR 128 cited Melbase Corporation Pty Ltd v Segenhoe Ltd (1995) 13 ACLC 823 cited Nikoloski v Ridge Consolidated Pty Ltd (1994) 116 FLR 192 cited Re Citic Commodity Trading Pty Ltd v JBL Enterprises (WA) Pty Ltd [1998] FCA 232 cited Rees v Bank of New South Wales (1964) 111 CLR 210 cited Re Presha Engineering (Aust) Pty Ltd (1983) 1 ACLC 675 cited Re Tweeds Garages Ltd [1962] Ch 406cited Ron Kingham Real Estate Pty Ltd v Edgar [1999] 2 Qd R 439 referred to Sandell v Porter (1966) 115 CLR 666 cited Smith v New South Wales Bar Association (No 2) (1992) 176 CLR 256 cited Taylor v ANZ Banking Group Ltd (1988) 6 ACLC 808 cited Urban Transport Authority of NSW v Nweiser (1992) 28 NSWLR 47 cited Wells v Wily [2004] NSWSC 607 cited Woodgate v Leonard (2007) NSWSC 495 followed IN THE MATTER OF AUSTRALVIC PROPERTY MANAGEMENT PTY LTD (ACN 113 858 021) XAT KY AND SIV CUNG HENG v AUSTRALVIC PROPERTY MANAGEMENT PTY LTD (ACN 113 858 021) VID 210 OF 2007