Commonwealth of Australia v CTC Resources NL; In the Matter of CTC Resources NL [2016] FCA 112

FEDERAL COURT OF AUSTRALIA

Commonwealth of Australia v CTC Resources NL; In the Matter of CTC Resources NL [2016] FCA 112 File number: NSD 1200 of 2015

Judge: FOSTER J

Date of judgment: 17 February 2016

Catchwords: CORPORATIONS – whether an application for an order winding up the defendant should be adjourned until the determination of an appeal filed by that defendant against the judgment which is the foundation of the creditor's statutory demand upon which the winding up application is based – whether, in the event that no adjournment is granted, an order winding up the defendant in insolvency should be made – relevant considerations discussed

Legislation: Corporations Act 2001 (Cth), ss 459A, 459C, 459E, 459G, 459H, 459P, 459R, 459S, 467 Judiciary Act 1903 (Cth), s 64 Trade Practices Act 1974 (Cth), s 52

Cases cited: Adamopoulos v Olympic Airways SA (1990) 95 ALR 525 Auckland Harbour Board v The King [1924] AC 318 Barnes v Addy (1874) LR 9 Ch App 244 British American Tobacco Australia Ltd v Western Australia (2003) 217 CLR 30 Commonwealth v Burns [1971] VR 825 Commonwealth v Crothall Hospital Services (Aust) Ltd (1981) 54 FLR 439 Commonwealth v Davis Samuel Pty Ltd (No 7) (2013) 282 FLR 1 Commonwealth v Davis Samuel Pty Ltd (No 8) [2014] ACTSC 312 Commonwealth v Hamilton [1992] 2 Qd R 257 CTC Resources N/L v Commonwealth of Australia [2015] VSC 238 Endresz v Australian Securities and Investments Commission (No 2) (2015) 228 FCR 334 Jekos Holdings Pty Ltd v Australian Horticultural Finance Pty Ltd [1996] FCA 619 Shmee Pty Ltd v Bresam Investments Pty Ltd [2009] VSC 657