Dunecar Pty Ltd (In Liq) v Colbron [2001] NSWSC 1181

Reported Decision : 40 ACSR 342

New South Wales Supreme Court

CITATION : Dunecar Pty Ltd (In Liq) v Colbron [2001] NSWSC 1181 CURRENT JURISDICTION: Equity Division Corporations List FILE NUMBER(S) : SC 5743/01 HEARING DATE(S) : 10/12/01 JUDGMENT DATE : 11 December 2001

PARTIES : Dunecar Pty Limited (In liq) (P) Warwick Colbron (D) JUDGMENT OF : Young CJ in Eq

COUNSEL : J E Thomson and C D Wood (P) L J Aitken (D) SOLICITORS : Gordon & Johnstone (P) Colbron & Associates (D) CATCHWORDS : CONVEYANCING [189]- Caveats- Caveat by third mortgagee- Dispute as to whether sufficient equity for caveator- Caveat impeding settlement of sale- Whether removal should be ordered. CORPORATIONS [230]- Winding up order- Pronounced at 11 am- Effective from first moment of day order made- Judicial act- Only to be pronouced by Supreme or Chapter III Court. TIME [4]- Fractions of a day- Judicial act deemed to occur at first moment of the day. LEGISLATION CITED : Corporations Act 2001 ss 588FA, 588FE, 588FG Real Property Act 1900, ss 74MA, 74P Bland v Ingrams Estates Ltd (No 2) [2001] TLR 536 Kerabee Park Pty Ltd v Daley [1978] 2 NSWLR 222 Kingstone Constructions Pty Ltd v Crispel Pty Ltd (1991) 5 BPR 11,987 CASES CITED : Maddrell v Masterton Homes Pty Ltd (Master McLaughlin - 7 July 1994) Marriott v The Anchor Reversionary Company (1861) 3 De GF & J 177; 45 ER 846 Miller v Teale (1954) 92 CLR 406 Schwartz v Schwartz (1961) 78 WN (NSW) 545 Troncone v Aliperti (1994) 6 BPR 13,291 DECISION : See paras 23 and 24.