Supabarn Supermarkets Pty Ltd v Eyre Kingston Pty Ltd (in liq) [2024] NSWSC 489

Supreme Court New South Wales

Medium Neutral Citation: Supabarn Supermarkets Pty Ltd v Eyre Kingston Pty Ltd (in liq) [2024] NSWSC 489 Hearing dates: 18 April 2024; further evidence 23 April 2024; further written submissions 26, 28 and 29 April 2024 Decision date: 01 May 2024 Jurisdiction: Equity - Commercial List Before: Stevenson J Decision: Leave to proceed under s 471B of the Corporations Act 2001 (Cth) refused Catchwords: CORPORATIONS – winding up – application for leave to proceed against company in liquidation – where unlikely that liquidators will be in a position to declare a dividend and accordingly adjudicate on any proofs of debt lodged in winding up – where liquidators have received and are considering offers for the purchase of the assignment of the company's chose against a third party – whether in these circumstances there is good reason to grant leave to proceed Legislation Cited: Competition and Consumer Act 2010 (Cth), Sch 2 – Australian Consumer Law Corporations Act 2001 (Cth) Cases Cited: BHG Nominees Pty Ltd v Ellis Young Investments Pty Ltd (1998) 16 ACLC 1539 Capita Financial Group Ltd v Rothwells Ltd (No 2) (1989) 15 ACLR 348 Clean Energy Regulator v E Connect Solar & Electrical Pty Ltd [2023] FCA 1082 Commonwealth of Australia v Davis Samuel Pty Ltd (No 5) (2008) 164 ACTR 1; [2008] ACTSC 124 DSG Holdings Australia Pty Ltd v Helenic Pty Ltd (2014) 86 NSWLR 293; [2014] NSWCA 96 Ibbco Trading Pty Ltd v HIH Casualty & General Insurance Ltd (in prov liq) (2001) 19 ACLC 1093; [2001] NSWSC 346 Re Gordon Grant & Grant Pty Ltd [1983] 2 Qd R 314 Re Jay-O-Bees Pty Ltd; Rosseau v Jay-O-Bees [2004] NSWSC 818; (2004) 50 ACSR 565 Snelgrove v Great Southern Managers Australia Ltd (in liq) [2010] WASC 2010 Sydlow Pty Ltd (in liq) v TG Kotselas Pty Ltd (1996) 65 FCR 234; [1996] FCA 233 Timbercorp Finance Pty Ltd (in liq) v Vivian (2016) 114 ACSR 198; [2016] VSC 338 Vagrand Pty Ltd (in liq) v Fielding (1993) 41 FCR 550; [1993] FCA 179 Category: Procedural rulings Parties: Supabarn Supermarkets Pty Ltd (Plaintiff/Applicant) Eyre Kingston Pty Ltd (in liquidation) (First Defendant/Respondent) DTM Investments (ACT) Pty Ltd (Second Defendant/Applicant) Representation: Counsel: S Hartford-Davis / B Smith (Plaintiff/Applicant) J C Giles SC / N D Riordan (Second Defendant/Applicant) J Burnett (Respondent Liquidator)