In the matter of Spartan Pastoral Company Pty Limited (in liquidation) [2020] NSWSC 1218

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Spartan Pastoral Company Pty Limited (in liquidation) [2020] NSWSC 1218 Hearing dates: 27 July 2020, 31 August 2020 Decision date: 09 September 2020 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made in respect of application that winding up of the company be terminated. Catchwords: CORPORATIONS — Winding up — Application under s 482 of the Corporations Act 2001 (Cth) to terminate a winding up – Whether company is and will be solvent in future – Whether to terminate winding up. Legislation Cited: - Corporations Act 2001 (Cth) s 482 Cases Cited: - Apostolou v VA Corporation of Australia Pty Ltd [2010] FCA 64; (2010) 77 ACSR 84 - Dubolo Pty Ltd (t/as Fender Signs) v Codrington Investment Corporation Pty Ltd (1998) 26 ACSR 723 - Mercy & Sons Pty Ltd v Wanari Pty Ltd (2000) 35 ACSR 70 - Metledge v Bambakit Pty Ltd (in liq) [2005] NSWSC 160 - Modena Imports Pty Ltd (in liq), Re Leveraged Capital Pty Ltd (recs and mgrs apptd) (in liq) v Modena Imports Pty Ltd (in liq) [2010] NSWSC 739 - Re 311 Hume Highway Liverpool Fund Pty Ltd (in liq) [2013] NSWSC 465; 93 ACSR 683 - Re CNL Transport Pty Ltd (in liq) Hunt v Smith [2017] NSWSC 291 - Re Glass Recycling Pty Ltd [2014] NSWSC 439 - Re MWM Sydney Pty Limited (in liq) [2016] NSWSC 688 - Re SNL Group Pty Ltd (in liq) [2010] NSWSC 797 - Re Warbler Pty Ltd (1982) 6 ACLR 526 - Vero Workers Compensation (NSW) Ltd v Ferretti Pty Ltd [2006] NSWSC 292; (2006) 57 ACSR 103 - Von Riesefer v Mainfreight International Pty Ltd [2009] VSCA 129; (2009) 73 ACSR 427 Category: Procedural and other rulings Parties: Oilsplus Holdings Australia Pty Limited (Plaintiff) Spartan Pastoral Company Pty Limited (in liq) (Defendant) Grant Norman Toole (Applicant) Representation: Counsel: J R Anderson (Applicant)