T-S Capital Partners LLC v Paltar Petroleum Limited (administrators appointed), in the matter of Paltar Petroleum Limited (No 2) [2019] FCA 636

FEDERAL COURT OF AUSTRALIA

T-S Capital Partners LLC v Paltar Petroleum Limited (administrators appointed), in the matter of Paltar Petroleum Limited (No 2) [2019] FCA 636 File number: NSD 1745 of 2018

Judge: STEWART J

Date of judgment: 3 May 2019

Date of publication of reasons 10 May 2019

Catchwords: CORPORATIONS – winding up – application by contributory for leave to apply for winding up in insolvency under s 459P(2) of the Corporations Act 2001 (Cth) – "Prima facie case" of insolvency – application granted CORPORATIONS – winding up – winding up in insolvency – whether company insolvent within the meaning of s 95A of the Corporations Act 2001 (Cth) – indicia of insolvency – application granted

Legislation: Corporations Act 2001 (Cth) ss 95A, 459A, 459P and 459R

Cases cited: Ann Street Mezzanine Pty Ltd (in liquidation) v Beck [2009] FCA 333; 175 FCR 532 ASIC v Plymin (No 1) [2003] VSC 123; 46 ACSR 126 Campbell Street Theatre Pty Ltd (receiver and manager appointed) (in liquidation) v Commercial Mortgage Trade Pty Ltd [2012] NSWSC 669 Cory v Registrar of the Federal Court of Australia [2010] FCA 1215; 190 FCR 240 Emanuele v ASIC [1997] HCA 20; 188 CLR 114 FAI Insurances Ltd v Goldleaf Interior Decorators Pty Ltd (1998) 14 NSWLR 643 Hancock v Conergy Pty Ltd (in liquidation), in the matter of DCM Solar Pty Ltd (in liquidation) [2015] FCA 738 Lewis v Doran [2005] NSWCA 243; 219 ALR 555 Melbase Corporation Pty Ltd v Segenhoe Ltd [1995] FCA 279; AustLII reference [1995] FCA 1225; 17 ACSR 187 Morris v Danoz Directions Pty Ltd (in liquidation) (No 2) [2010] FCA 836 Spencer v VMD Packaging Pty Ltd [2001] NSWCA 118 Syd Mannix Pty Ltd v Leserv Constructions Pty Ltd [1971] 1 NSWLR 788 T-S Capital Partners LLC v Paltar Petroleum Limited (administrators appointed), in the matter of Paltar Petroleum Limited (No 1) [2019] FCA 635