Domino Hire Pty Ltd v Pioneer Park Pty Ltd (In Liq) [1999] NSWSC 1046

Reported Decision : [2000] 18 ACLC 13

New South Wales Supreme Court CITATION : Domino Hire Pty Ltd v Pioneer Park Pty Ltd (In Liq) [1999] NSWSC 1046 revised - 15/12/99 CURRENT JURISDICTION : Equity FILE NUMBER(S) : 4398/99 HEARING DATE(S) : 15, 16 & 22 November 1999 JUDGMENT DATE : 14 December 1999

Domino Hire Pty Limited (P1) PARTIES : Clifford John Carpenter (P2) Pioneer Park Pty Limited (In Liquidation) (D1) Gregory Winfield Hall and Timothy Cuming (D2) JUDGMENT OF : Hamilton J

COUNSEL : P Fordyce, Solicitor, (P1 & 2) M Speakman (D1 & 2) SOLICITORS : P A Somerset & Co (P1 & 2) Blake Dawson Waldron (D1 &2) CATCHWORDS : CORPORATIONS [279] - Winding up - Liquidators - Resignation or removal - In voluntary winding up - Liquidator having conflict of interest - Actual or perceived conflict of interest - Prior involvement with company as investigating accountant for secured creditor. ACTS CITED : Corporations Law Advance Housing Pty Ltd (in liq) v Newcastle Classic Developments Pty Ltd (1994) 14 ACSR 230 Bain & Company Nominees Pty Ltd v Grace Bros Holdings Ltd. Ltd (1983) 1 ACLC 816 In Re Dorman Long and Company Limited [1934] 1 Ch 635 In re Sir John Moore Gold Mining Company (1879) 12 ChD 325 Pradhan v Eastside Day Surgery Pty Ltd [1999] SASC 256 Re Allebart Pty Ltd (in Liq) [1971] 1 NSWLR 24 Re Biposo Pty Ltd; Condon v Rodgers (1995) 120 FLR 339 CASES CITED : Re Capital Management Securities Ltd (1986) 4 ACLC 157 Re Chevron Furnishers Pty Ltd (rec and mgr apptd) (in liq); Queensland Amalgamated Industries Pty Ltd v Harris [1995] 1 QdR 125 Re Dunquil Pty Ltd (in liq) (1985) 9 ACLR 950 Re Intercontinental Properties Pty Ltd (in liq) (1977) 2 ACLR 488 Re National Safety Council of Australia Victorian Division [1990] VR 29 Re West Australian Gem Explorers Pty Ltd (1994) 13 ACSR 104 Stewden Nominees No 4 Pty Ltd (1975) 1 ACLR 185 Tiessen v Henderson [1899] 1 Ch 861 DECISION : Liquidators should cease to hold office.