Turco & Co Pty Ltd v Pendella Holdings Pty Ltd; In the matter of Pendella Holdings Pty Ltd [2010] FCA 213

FEDERAL COURT OF AUSTRALIA

Turco & Co Pty Ltd v Pendella Holdings Pty Ltd; In the matter of Pendella Holdings Pty Ltd [2010] FCA 213 Citation: Turco & Co Pty Ltd v Pendella Holdings Pty Ltd; In the matter of Pendella Holdings Pty Ltd [2010] FCA 213

Parties: IN THE MATTER OF PENDELLA HOLDINGS PTY LTD (ACN 113 204 470); TURCO & CO PTY LTD (ACN 009 390 130) v PENDELLA HOLDINGS PTY LTD (ACN 113 204 470)

File number: WAD 81 of 2009

Judge: BARKER J

Date of judgment: 31 March 2010

Catchwords: CORPORATIONS – insolvency – application to wind up company in insolvency – non-compliance with statutory demand – presumption of insolvency – whether company rebutted presumption

Legislation: Corporations Act 2001 (Cth) s 95A, s 459C, s 459G, s 459P, s 459S, s 467(1) Federal Court (Corporations) Rules 2000 (Cth)

Cases cited: Ace Contractors & Staff Pty Ltd v Westgarth Development Pty Ltd [1999] FCA 728 Bluechip Development Corporation (Cairns) Pty Ltd v PNP Realty Pty Ltd [2009] ACTSC 33 Brooks v Heritage Hotel Adelaide Pty Ltd (1996) 20 ACSR 61 Commonwealth Broadcasting Corporation Pty Ltd v Pacific Mobile Phones Pty Ltd (2008) 219 FLR 422; [2008] QSC 210 Crema (Vic) Pty Ltd v Land Mark Property Developments (Vic) Pty Ltd (2006) 58 ACSR 631; [2006] VSC 338 Lechmere Financial Corporation v Aspermont Ltd [2003] FCA 1138 Sandell v Porter (1966) 115 CLR 666; [1966] HCA 28 Southern Cross Interiors Pty Ltd (in liq) v Deputy Commissioner of Taxation (2001) 53 NSWLR 213; [2001] NSWSC 621 Switz Pty Ltd v Glowbind Pty Ltd (2000) 48 NSWLR 661; [2000] NSWCA 37