Parker, In the matter of Purcom No 34 Pty Limited (In Liq) (ACN 006 794 672) [2009] FCA 1359

FEDERAL COURT OF AUSTRALIA

Parker, In the matter of Purcom No 34 Pty Limited (In Liq) (ACN 006 794 672) [2009] FCA 1359

CORPORATIONS – approval sought by receiver to enter into agreement – principles on which Court will grant approval

Corporations Act 2001 (Cth) ss 424, 477 Federal Court of Australia Act 1976 (Cth) s 57 Federal Court Rules O 26 r 7 Australian Securities and Investments Commission v Ludgates Corporate and Advisory Services Pty Ltd [2003] FCA 1368 applied Bell Group Ltd (in liq), Re [2009] WASC 235 cited Empire (Aust) Nominees Pty Ltd v Vince (2000) 18 ACLC 738 cited Martyniuk v King [2000] VSC 319 cited Mento Developments (Aust) Pty Ltd (ACN 005 862 457) (in liq), Re (2009) 73 ACSR 622 cited Mineral Securities Australia Ltd (in liq), Re [1973] 2 NSWLR 207 applied MTM Funds Management Ltd v Cavalane Holdings Pty Ltd (2000) 158 FLR 121 cited One.Tel Networks Holdings Pty Ltd (Hall as rec and mgr), Re (2001) 40 ACSR 83 applied Stewart, in the matter of Newtronics Pty Ltd [2007] FCA 1375 applied University of Western Australia v Gray (No 6) [2006] FCA 1825 cited GREGORY JAY PARKER and PURCOM NO 34 PTY LIMITED (IN LIQUIDATION) (ACN 006 794 672) v ROBERT FREDERICK LEE TUCKER, RICHARD JAMES TUCKER, PURCOM NO 34 ADMIN PTY LIMITED (RECEIVER AND MANAGER APPOINTED) (ACN 134 158 508), ANDREW ZISSIMOU, PRAHRAN TYRE CENTRE PTY LIMITED, GERARD CONLON and JUNE DANKS

VID 636 of 2009

GORDON J

19 NOVEMBER 2009

MELBOURNE IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY VID 636 of 2009

GENERAL DIVISION

IN THE MATTER OF PURCOM NO 34 PTY LIMITED (IN LIQ) (ACN 006 794 672) BETWEEN: GREGORY JAY PARKER

First Plaintiff

PURCOM NO 34 PTY LIMITED (IN LIQUIDATION) (ACN 006 794 672)

Second Plaintiff

AND: ROBERT FREDERICK LEE TUCKER

First Defendant