Hayes, in the matter of Henry Walker Eltin Group Limited (subject to deed of company arrangement) [2013] FCA 973

FEDERAL COURT OF AUSTRALIA

Hayes, in the matter of Henry Walker Eltin Group Limited (subject to deed of company arrangement) [2013] FCA 973 Citation: Hayes, in the matter of Henry Walker Eltin Group Limited [2013] FCA 973

Parties: JOSEPH DAVID HAYES, ANTHONY GREGORY MCGRATH, SHAUN ROBERT FRASER, HENRY WALKER ELTIN GROUP LIMITED (ACN 007 710 483) (SUBJECT TO DEED OF COMPANY ARRANGEMENT), HAMISH GIDLEY-BAIRD, ANTHONY HARALDSON, BULUMBA PTY LIMITED (ACN 008 060 240) (SUBJECT TO DEED OF COMPANY ARRANGEMENT), SIMON ENGINEERING (AUSTRALIA) HOLDINGS PTY LTD (ACN 000 142 165) (SUBJECT TO DEED OF COMPANY ARRANGEMENT) and SIMON ENGINEERING (AUSTRALIA) PTY LIMITED (ACN 000 117 000) (SUBJECT TO DEED OF COMPANY ARRANGEMENT)

File number: NSD 1799 of 2013

Judge: YATES J

Date of judgment: 27 September 2013

Catchwords: CORPORATIONS – application for orders terminating deeds of company arrangement, winding up companies, appointing deed administrators as liquidators and granting special leave to distribute surplus funds to shareholders of listed public company – solvent companies with no infrastructure or business

Legislation: Corporations Act 2001 (Cth) ss 201A(2), 444A, 444B, 445D, 449E, 461(1)(k), 479(3), 485(2), 488(2), 532, Pt 2M.3 Corporations Regulations 2001 (Cth) reg 5.6.71 Federal Court (Corporations) Rules 2000 (Cth) rr 5.6, 7.9

Cases cited: FAI General Insurance Co Ltd v FAI Car Owners Mutual Insurance Co Pty Ltd (2009) 262 ALR 552 Re D S Millard & Son Pty Ltd (1997) 24 ACSR 71

Date of hearing: 20 September 2013

Place: Sydney