NSW Caselaw
48 NSWLR 661 Reported Decision : 155 FLR 282 (2000) 33 ACSR 723 (2001) 19 ACLC 532
New South Wales Court of Appeal
CITATION : SWITZ PTY LTD v GLOWBIND PTY LTD GLOWBIND PTY LTD v SWITZ PTY LTD [2000] NSWCA 37 revised - 15/03/2000 FILE NUMBER(S) : CA 40115/00; 40117/00 HEARING DATE(S) : 08/03/00 JUDGMENT DATE : 10 March 2000
PARTIES : Switz Pty Ltd Glowbind Pty Ltd JUDGMENT OF : Spigelman CJ at 1; Handley JA at 78; Giles JA at 79
LOWER COURT JURISDICTION : Supreme Court - Equity Division LOWER COURT 3407/99 FILE NUMBER(S) : LOWER COURT Hodgson CJ in Eq; Austin J JUDICIAL OFFICER :
COUNSEL : B A J Coles QC / J K Chippindall (Switz) J B Simpkins (Glowbind) SOLICITORS : Clayton Utz (Switz) Price Waterhouse Coopers (Glowbind) CATCHWORDS : CORPORATIONS LAW - winding up in insolvency - opposition to winding up - leave to oppose on certain grounds "material to proving the company is solvent" Corporations Law s459S - CORPORATIONS LAW - period in which application to wind up in insolvency must be determined - extension of period - validity of "condition" Corporations Law s459R(4) LEGISLATION CITED : Corporations Law Corporate Law Reform Act 1992 (Cth) ABB Power Plans Limited v Electricity Commission (NSW) 35 NSWLR 596 Anthony Hordern & Sons Ltd v Amalgamated Clothing & Allied Trades Union of Australia (1931-32) 47 CLR 1 Australian Capital Television Pty Ltd v The Commonwealth (1992) 177 CLR 106 Bayview Holdings Pty Ltd (In Liq) v Zan Holdings Pty Ltd (Supreme Court of Western Australia, 19 October 1998, unreported) BHP Steel (JLA) Pty Ltd v Eagle Steel Holdings Pty Ltd [1999] WASC 187 Chief Commissioner of Stamp Duties v Paliflex Pty Ltd (1999) 17 ACLC 467 CASES CITED: David Grant & Co Pty Ltd (Receiver appointed) v Westpac Banking Corporation (1994-95) 184 CLR 265 John v Federal Commissioner of Taxation (1989) 166 CLR 417 Leon Fink Holdings Pty Ltd v Australian Film Commission (1979) 141 CLR 672 PMT & Partners (in Liq) v Australian National Parks & Wildlife Service (1995) 184 CLR 301 R v Wallis (1949) 78 CLR 529 Re J & E Holdings Pty Ltd (1995) 36 NSWLR 541 Saraswati v R (1991) 172 CLR 1 Texel Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 298 Zan Holdings Pty Ltd v Bayview Holdings Pty Ltd (1997) 15 ACLC 1238 DECISION : Proceedings CA 40117 of 2000; 1 Extend time to apply and grant leave to appeal; 2 Appeal dismissed with costs; Proceedings CA 40115 of 2000; 1 Grant leave to appeal; 2 Appeal allowed with costs; 3 Vary the order of Hodgson CJ in Eq by deleting the condition
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