Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Goyal (liquidator), in the matter of OLI 1 Pty Ltd (in liq) [2020] FCA 450 File number: NSD 286 of 2020
Judge: MARKOVIC J
Date of judgment: 7 April 2020
Catchwords: CORPORATIONS – application made by liquidators under s 477(2B) of the Corporations Act 2001 (Cth) for approval of entry into a funding agreement – whether it is a proper exercise of the liquidators' powers – application allowed
Legislation: Corporations Act 2001 (Cth) s 477(2B) Federal Court of Australia Act 1976 (Cth) ss 37AF(1)(b), 37AG(1)(a), 37AJ
Cases cited: Deputy Commissioner of Taxation, in the matter of ACN 154 520 199 Pty Ltd (in liq) v ACN 154 520 199 Pty Ltd (in liq) (No 2) [2017] FCA 755 Krejci (liquidator), in the matter of Community Work Pty Ltd (in liq) [2018] FCA 425 McGrath & Anor Re HIH Insurance Ltd [2005] NSWSC 731
Date of hearing: Determined on the papers
Date of last submissions: 1 April 2020
Registry: New South Wales
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Category: Catchwords
Number of paragraphs: 40
Counsel for the Plaintiff: Mr D R Stack
Solicitor for the Plaintiff: Bridges Lawyers
ORDERS NSD 286 of 2020 IN THE MATTER OF OLI 1 PTY LTD (IN LIQUIDATION) ACN 139 622 763 MR RAHUL GOYAL IN HIS CAPACITY AS JOINT & SEVERAL LIQUIDATOR OF OLI 1 PTY LTD (IN LIQUIDATION) ACN 139 622 763 Plaintiff
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