Metal Manufactures Ltd v Hall [2002] NSWSC 298

Reported Decision : 41 ACSR 466

New South Wales Supreme Court

CITATION : Metal Manufactures Ltd v Hall [2002] NSWSC 298 FILE NUMBER(S) : SC 5057/01 HEARING DATE(S) : 11/04/02 JUDGMENT DATE : 16 April 2002

Metal Manufacturers Ltd - plaintiff PARTIES : Gregory Winfield Hall - 1st defendant Transtate Limited - 2nd defendant JUDGMENT OF : Gzell J

COUNSEL : D J Hammersclag SC with P T Newton for the plaintiff P M Lane for the second defendant Doyles Construction Lawyers SOLICITORS : Heard McEwan Lawyers Cunich Business Lawyers CATCHWORDS : Corporation Law - deed of company arrangement - incorporation of mutual set-off by reference - self-executing upon commencement of administration - creditor's cross-claim to company claim in District Court proceedings not barred - exceptional case for declaratory relief - variation of deed to provide for set-off unnecessary. Corporations Act 2001 (Cth) LEGISLATION CITED : Corporations Regulations 2001 (Cth) Bankruptcy Act 1966 (Cth) Winterton Constructions Pty Ltd v MA Coleman Joinery Co Pty Ltd (1996) 20 ASCR 671 at 675 Forster v Wilson (1843) 12 M & W 191 at 204 (152 ER 1165 at 1171 Gye v McIntyre (1990-1991) 171 CLR 609 at 622 Re Deveze; ex parte Barnett (1874) 9 Ch App 293 at 295 Re Capel; Ex parte Marac Finance Australia Ltd v Capel (1994) 48 FCR 195 CASES CITED : Stein v Blake [1994] Ch 16 Stein v Blake [1996] AC 243 Citicorp Australia Ltd v Official Trustee in Bankruptcy (1996) 71 FCR 550 at 567 G M & A M Pearce and Co Pty Ltd v RGM Australia Pty Ltd (1997) 26 ACSR 639 at 642, 648, 651-652 AWA Ltd v Exicom Australia Pty Ltd (1990) 19 NSWLR 705 at 711 Forster v Jododex Australia Pty Ltd (1972) CLR 421 Willesee v Willesee [1974] 2 NSWLR 275 at 282-283 DECISION : See par 14