Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
C & O Voukidis Pty Ltd v Break Fast Investments Pty Ltd [2014] FCA 1000 Citation: C & O Voukidis Pty Ltd v Break Fast Investments Pty Ltd [2014] FCA 1000
Parties: C&O VOUKIDIS PTY LTD (IN LIQUIDATION) v BREAK FAST INVESTMENTS PTY LTD
File number(s): VID 1260 of 2013
Judge(s): DAVIES J
Date of judgment: 16 September 2014
Catchwords: CORPORATIONS – insolvency – application to set aside winding up order – whether onus of demonstrating solvency has been discharged – contingent liabilities taken into account – effect of existing legal claims on the company – use of audited accounts to demonstrate solvency – whether the wind up application had been an abuse of process
Legislation: Corporations Act 2001 (Cth) ss 95A, 471A(1A)(d), 459A, 459C, 459D, 459P
Cases cited: Crema Pty Ltd v Land Mark Property Developments (Vic) Pty Ltd (2006) 58 ACSR 631; [2006] VSC 338 Australian Beverage Distributors v The Redrock Co (2008) 26 ACLC 74; [2008] NSWSC 3 Southern Cross Interiors Pty Ltd v Deputy Commissioner of Taxation (2001) 188 ALR 114; [2001] NSWSC 621 Lewis v Doran (2004) 208 ALR 385; [2004] NSWSC 608 Community Development Pty Ltd v Engwirda Construction Company (1969) 120 CLR 455 The National Bank of Australasia Ltd v Mason (1975) 133 CLR 191 Federal Commissioner of Taxation v Gosstray [1986] VR 876 McLellan v Australian Stock Exchange Limited (2005) 144 FCR 327; [2005] FCA 585 Ambridge Investments Pty Ltd (receiver appointed) (in liq) v Baker [2010] VSC 59 Break Fast Investments v Gravity Ventures Pty Ltd [2013] VSC 89 National Australia Bank Ltd v C & O Voukidis Pty Ltd [2014] NSWSC 384 Commonwealth Bank of Australia v Begonia (1993) 11 ACLC 1075 Ace Contractors & Staff Pty Ltd v Westgarth Development Pty Ltd [1999] FCA 728 TQM Design and Construct v Golden Plantation Pty Ltd [2011] NSW SC 500 Expile Pty Ltd v Jabb's Excavations Pty Ltd (2003) 45 ACSR 711; [2003] NSWCA 163 Metledge v Bambakit Pty Ltd [2005] NSWSC 160 Grossman v E Katz Manufacturing Jewellers (ACT) Pty Ltd (2004) 213 ALR 373; [2004] NSW SC 1224 Re Lawrence Waterhouse Pty Ltd (in liq); Shaw v Minsden Pty Ltd [2011] NSW SC 964 Re Glass Recycling Pty Ltd [2014] NSWSC 439 Australian Beverage Distributors Pty Ltd v The Redrock Co Pty Ltd (2007) 213 FLR 450; [2007] NSWSC 966 Australian Beverage Distributors Pty Ltd v Evans & Tate Premium Wines Pty Ltd (2007) 69 NSWLR 374; [2007] NSWCA 57
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