In the matter of Tradercobb Pty Ltd (in Liquidation) [2024] NSWSC 1167

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Tradercobb Pty Ltd (in Liquidation) [2024] NSWSC 1167 Hearing dates: 9 September 2024 Date of orders: 9 September 2024 Decision date: 09 September 2024 Jurisdiction: Equity - Corporations List Before: Nixon J Decision: Orders made approving provisional liquidators' remuneration under s 60-10 of the Insolvency Practice Schedule (Corporations) (see [43]) Catchwords: CORPORATIONS – Winding up – Liquidators – Application by liquidator to determine remuneration –Whether work performed by liquidator was necessary and properly performed Legislation Cited: Corporations Act 2001 (Cth) Insolvency Practice Schedule (Corporations), ss 60-5, 60-10, 60-12 Supreme Court (Corporations Rules) 1999, r 9.2 Cases Cited: Phoenix Institute of Australia Pty Ltd (in liq) [2021] FCA 1203 Re Sakr Nominees Pty Limited [2017] NSWSC 668 Category: Principal judgment Parties: Timothy Cook in his capacity as liquidator of Tradercobb Pty Ltd (in Liquidation) (First Plaintiff) Tradercobb Pty Ltd (in Liquidation) (Second Plaintiff) Representation: Counsel: D Parish (Plaintiffs) Mr A Winston (Interested Party)

Solicitors: Watson Webb (Plaintiffs) File Number(s): 2024/292455 Publication restriction: Nil

EX TEMPORE JUDGMENT – AMENDED 13 SEPTEMBER 2024 1. By Originating Process filed 6 August 2024, the First Plaintiff, Mr Timothy Cook in his capacity as liquidator (Liquidator) of the Second Plaintiff, Tradercobb Pty Ltd (in liq) (Tradercobb), seeks orders under s 60-10 of the Insolvency Practice Schedule (Corporations) (IPSC) for approval of his remuneration. 2. In particular, approval is sought for remuneration in the amount of: 1. $6,517.50 (plus GST), for the period from 15 March 2023 to 27 March 2023 (during the voluntary administration of Tradercobb); 2. $79,935.50 (plus GST), for the period from 27 March 2023 to 30 April 2024; 3. $71,197.50 (plus GST), for the period from 1 May 2024 to 30 June 2024; and 4. $50,000.00 (plus GST), for the period from 1 July 2024 through to the conclusion of the liquidation.