In the matter of Fearndale Holdings Pty Ltd (Administrator Appointed) [2022] NSWSC 744

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Fearndale Holdings Pty Ltd (Administrator Appointed) [2022] NSWSC 744 Hearing dates: 27 May 2022 Date of orders: 7 June 2022 Decision date: 07 June 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: The parties to bring in orders to give effect to this judgment within 7 days. Catchwords: CORPORATIONS — Winding up — Conduct of liquidation — Costs, charges and expenses — Where plaintiffs being directors, creditors and shareholders of a company in liquidation incur costs said to be for and on behalf of the company, or in the advancement or protection of the company's interests — Where records of costs do not distinguish between costs incurred for the benefit of the plaintiffs personally or the company exclusively — Whether the liquidator would be justified in paying the costs claimed by the plaintiffs Legislation Cited: - Civil Procedure Act 2005 (NSW), s 98(4)(c) - Corporations Act 2001 (Cth), s 556(1)(a) - Trustee Act 1925 (NSW), s 63 Cases Cited: - 13 Coromandel Place Pty Ltd v CL Custodians Pty Ltd (in liq) (1999) 30 ACSR 377; [1999] FCA 144 - Coad v Wellness Pursuit Pty Ltd (in liq) [2009] (2009) 40 WAR 53; WASCA 68 - Drama Unit Pty Ltd v Fearndale Holdings Pty Ltd (Administrator Apptd) [2018] NSWSC 1895 - Drama Unit Pty Ltd v Timothy James Cook as Administrator of Fearndale Holdings Pty Ltd [2019] NSWCA 276 - Drama Unit Pty Ltd v Fearndale Holdings Pty Ltd (Administrator Appointed) & Anor [2019] NSWCA 312 - GDK Projects Pty Ltd, Re Umberto Pty Ltd (in liq) v Umberto Pty Ltd (in liq) [2018] FCA 541 - Primary Securities Ltd v Willmott Forests Ltd (recs and mgrs apptd) (in liq) (2016) 50 VR 752 - Re Drama Unit Pty Ltd [2019] NSWSC 1169 - Re Fearndale Holdings Pty Ltd (administrator appointed) [2019] NSWSC 478 - Re Fearndale Holdings Pty Limited [2019] NSWSC 645 - Re Fearndale Holdings Pty Ltd (admin apptd) (recs & mgrs apptd) [2019] NSWSC 1810 - Re Fearndale Holdings Pty Ltd (admin apptd) (Recs and Mgrs Apptd) [2019] NSWSC 1885 - Re Fearndale Holdings Pty Ltd (Admin Apptd) (Recs and Mgrs Apptd) [2019] NSWSC 1891 - Re Fearndale Holdings Pty Ltd (in liq) (Recs and Mgrs Apptd) [2020] NSWSC 984 - Re Go Energy Group Ltd [2019] NSWSC 558 - Re Primespace Property Investment Ltd (in liq) [2016] NSWSC 1821 - Re Scw Pty Ltd [2013] NSWSC 302 - Re Universal Distributing Co Ltd (in liq) (1993) 48 CLR 171 - Stewart v Atco Controls Pty Ltd (in liq) (2014) 242 CLR 307; [2015] HCA 15 - Talbot v NRMA Ltd (2000) 50 NSWLR 300 - Trio Capital Ltd (admin apptd) v ACT Superannuation Management Pty Ltd (2010) 79 ACSR 425; [2010] NSWSC 941 - Volkswagen Financial Services Australia Pty Ltd v Atlas CTL Pty Ltd (recs and mgrs apptd) (in liq) [2022] NSWSC 573 - Walley; Re Poles and Underground Pty Ltd (admins apptd) [2017] FCA 486 - Young v The Naval, Military and Civil Service Co-Operative Society of South Africa Ltd [1905] 1 QB 687 Category: Principal judgment Parties: Fearndale Holdings Pty Ltd (in liq) (Third Plaintiff/Applicant) Lawrence William Harpley (First Plaintiff) Gary Richard Harpley (Second Plaintiff) Representation: Counsel: H W Somerville (Third Plaintiff/Applicant) B A Coles QC (First and Second Plaintiffs)