NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: In the matter of Streamline Container Services Pty Ltd [2024] NSWSC 431 Hearing dates: 15 April 2024 Date of orders: 15 April 2024 Decision date: 15 April 2024 Jurisdiction: Equity - Corporations List Before: McGrath J Decision: Order that the company be wound up in insolvency and liquidator appointed. Catchwords: CORPORATIONS — winding up — statutory demand — where the presumption of insolvency applies Legislation Cited: Corporations Act 2001 (Cth) Cases Cited: None Category: Principal judgment Parties: Sydney International Container Terminals Pty Ltd (Plaintiff) Streamline Container Services Pty Ltd (Defendant) Camellia Green Pty Ltd (Supporting Creditor) Representation: Counsel: U Danielian (Plaintiff) No appearance (Defendant) J Belmer (Solicitor) (Supporting Creditor)
Solicitors: Mercantile Legal (Plaintiff) No appearance (Defendant) Memcorp Lawyers (Supporting Creditor) File Number(s): 2024/00061376 Publication restriction: Nil
JUDGMENT — EX TEMPORE (REVISED 19 APRIL 2024)
INTRODUCTION 1. This is an application pursuant to s 459P of the Corporations Act 2001 (Cth), which is made against Streamline Container Services Pty Ltd by a creditor of Streamline, being Sydney International Container Terminals Pty Ltd (SICT). SICT has brought the application on the basis that Streamline is an insolvent company which should be wound up in insolvency in accordance with s 459A of the Corporations Act.
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