In the matter of JKN Hills Pty Ltd (Controllers Appointed) [2024] NSWSC 577

Supreme Court New South Wales

Medium Neutral Citation: In the matter of JKN Hills Pty Ltd (Controllers Appointed) [2024] NSWSC 577 Hearing dates: 13 May 2024 Date of orders: 13 May 2024 Decision date: 13 May 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order that the company be wound up and ancillary orders made. Catchwords: CORPORATIONS – winding up – whether just and equitable – where company has no director ordinarily resident in Australia – where significant issues require corporate decisions to be made. Legislation Cited: - Civil Procedure Act 2005 (NSW) ss 56-58, 60, 64 - Corporations Act 2001 (Cth) ss 201A, 459A, 459C Cases Cited: - Aon Risk Services Australia Ltd v Australian National University (2009) 239 CLR 175; [2009 HCA 27 - Australian Securities and Investments Commission v ABC Fund Managers (2001) 39 ACSR 443; [2001] VSC 383 - Australian Securities and Investments Commission v Active Super Pty Ltd (No 2) (2013) 93 ACSR 189; [2013] FCA 234 - Australian Securities and Investments Commission v Continental Coal Ltd [2016] FCA 416 - Australian Securities and Investments Commission v Diploma Group Ltd (No 4) [2017] FCA 1107 - Chang v Tjiong [2022] NSWSC 1092 - Deputy Commissioner of Taxation v Barroleg Pty Ltd (1997) 25 ACSR 167 at 174; 15 ACLC 1451 - No 1 Victoria Dragons Pty Ltd v AEN Developments Pty Ltd (8 September 2022) - Re V & M Davidovic Pty Ltd (rec and mgr apptd) [2012] NSWSC 1598 - Treadtel International Pty Ltd v Cocco (2016) 316 FLR 318; (2016) 117 ACSR 176; [2016] NSWCA 360 - UBS AG v Tyne (as Trustee of the Argot Trust) (2018) 265 CLR 77; (2018) 360 ALR 184; [2018] HCA 45 Category: Principal judgment Parties: Toplace Pty Ltd (administrators appointed) (Plaintiff) JKN Hills Pty Ltd (controllers appointed) (Defendant) Representation: Counsel: D Krochmalik (Plaintiff) J Anderson (Defendant)