Workers Compensation Nominal Insurer v Lime Gourmet Pizza Bar (Darby Street) Pty Ltd (No 2) [2014] FCA 151

FEDERAL COURT OF AUSTRALIA

Workers Compensation Nominal Insurer v Lime Gourmet Pizza Bar (Darby Street) Pty Ltd (No 2) [2014] FCA 151 Citation: Workers Compensation Nominal Insurer v Lime Gourmet Pizza Bar (Darby Street) Pty Ltd (No 2) [2014] FCA 151

Parties: WORKERS COMPENSATION NOMINAL INSURER v LIME GOURMET PIZZA BAR (DARBY STREET) PTY LIMITED

File number: NSD 802 of 2013

Judge: JACOBSON J

Date of judgment: 28 February 2014

Catchwords: CORPORATIONS – winding up – statutory presumption of insolvency under s 459C(2)(a) Corporations Act 2001 (Cth) – whether period for compliance with statutory demand had expired before winding up application filed – application to set aside winding up order – principles in George Ward Steel – relevant considerations in the exercise of the discretion to set aside a winding up order

Legislation: Corporations Act 2001 (Cth) ss 439A(4), 459C(2), 459E(1), 459F, 459P, 459Q, 459R, 459S Federal Court of Australia Act 1976 (Cth) s 35A(7) Federal Court Rules 2011 (Cth) r 39.05

Cases cited: Ace Contractors & Staff Pty Ltd v Westgarth Development Pty Ltd [1999] FCA 728 FAI Insurances Ltd v Goldleaf Interior Decorators Pty Ltd (1988) 14 NSWLR 643 George Ward Steel Pty Ltd v Kizkot Pty Ltd (1989) 15 ACLR 464 Golden Plantation Pty Ltd v TQM Design and Construct Pty Ltd [2010] NSWSC 1453 Switz Pty Ltd v Glowbind Pty Ltd (2000) 48 NSWLR 661 TQM Design and Construct Pty Ltd v KCL Developments Pty Ltd [2011] NSWCA 7 Workers Compensation Nominal Insurer, in the matter of Deli Glenbrook Pty Limited [2010] FCA 380 Workers Compensation Nominal Insurer v Lime Gourmet Pizza Bar (Darby Street) Pty Ltd [2014] FCA 43 Workers Compensation Nominal Insurer v Lozito-Strada Pty Ltd [2013] FCA 625 Date of hearing: 21 February 2014