In the matter of Balamara Resources Ltd [2024] NSWSC 1309

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Balamara Resources Ltd [2024] NSWSC 1309 Hearing dates: 16 and 17 October 2024 Date of orders: 17 October 2024 Decision date: 18 October 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders as to winding up made. The Plaintiff's costs of the winding up application be paid as costs in the winding up. Catchwords: CORPORATIONS – winding up – where company wound up on the just and equitable ground. Legislation Cited: - Corporations Act 2001 (Cth), ss 201A, 250N, 251A, Ch 2M, 461(1)(k), 467(4) Cases Cited: - MF Lady Pty Ltd (Trustee) v Henry Morgan Ltd [2022] FCA 978 - Ratul v Islam [2023] NSWSC 78 - Re Bicher & Son Pty Ltd (2020) 147 ACSR 108; [2020] NSWSC 7111 - Re Catombal Investments Pty Ltd [2012] NSWSC 775 - Re CNPR Ltd [2018] NSWSC 989 - Re Dip Gailey Road Pty Ltd (No 2) [2021] VSC 727 - Re DJG Securities Pty Ltd [2013] NSWSC 588 - Re Gunyahweh Pty Ltd [2023] NSWSC 1133 - Re Hardy Bros Equipment Pty Ltd [2021] NSWSC 1693 - Re Munja Bakehouse Pty Ltd [2024] NSWSC 6 - Re Pure Nature Sydney Pty Ltd [2018] NSWSC 914 Snell v Glatis (No 2) [2020] NSWCA 166 Category: Principal judgment Parties: Vulpes Distressed Fund (Cayman Island Company No 330197) (Plaintiff) Balamara Resources Ltd (Defendant) Representation: Counsel: S Balafoutis SC/M Gvozdenovic/M Taylor (Plaintiff) R D Marshall SC/D A Woods (Defendant) E L Beechey/N J Carey (Bright Agile Ltd)