Debis Financial Services (Aust) Pty Ltd v Allied Bellambi Collieries Pty Ltd [1999] NSWSC 946

Reported Decision : [1999] 32 ACSR 546

New South Wales Supreme Court CITATION : Debis Financial Services (Aust) Pty Ltd v Allied Bellambi Collieries Pty Ltd [1999] NSWSC 946 CURRENT JURISDICTION : Equity FILE NUMBER(S) : 3669/99 HEARING DATE(S) : 15 & 16 September 1999 JUDGMENT DATE : 16 September 1999

Debis Financial Services (Australia) Pty Limited (P) Allied Bellambi Collieries Pty Limited (Receivers Appointed) (Voluntary Administrator Appointed) (D1) PARTIES : Sandwork Pty Limited (Voluntary Administrator Appointed) (D2) Q Mining Systems Pty Limited (Voluntary Administrators Appointed) (D3) Gregory James Robertson in his capacity as Administrator of Allied Bellambi Collieries Pty Ltd & Sandwork Pty Limited (Voluntary Administrator Appointed) (D4) JUDGMENT OF : Hamilton J

B A Coles QC and Miss M Williams (solicitor) (P) COUNSEL : R S Angyal (D1, 2 & 4) No appearance (D3) Clayton Utz (P) SOLICITORS : Anderson Legal (D1, 2 & 4) No appearance (D3) CATCHWORDS : CORPORATIONS [182] - Voluntary administration - Protection of company property - Secured creditor - Application under s 441D to limit powers of chargee where enforcement action commenced before administration - Costs - Basis of exercise of discretion. ACTS CITED : Corporations Law s 441D CASES CITED : Debis Financial Services (Aust) Pty Ltd v Allied Bellambi Collieries Pty Ltd [1999] NSWSC 935, Debis Financial Services (Aust) Pty Ltd v Allied Bellambi Collieries Pty Ltd [1999] NSWSC 936. DECISION : Order that unsuccesful secured creditor pay administrator's costs.