Re Emilco [2002] NSWSC 1124

Reported Decision : 43 ACSR 536

New South Wales Supreme Court

CITATION : Re Emilco [2002] NSWSC 1124 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 1869/91 HEARING DATE(S) : 20/11/02 JUDGMENT DATE : 27 November 2002

Government Insurance Office of New South Wales - Plaintiff Emilco Pty Limited (In Liquidation) - Defendant/Cross-Claimant PARTIES : Glenn Anthony Crisp - Second Cross-Claimant Emile Jaa Jaa - Cross-Defendant Wahid Jaa Jaa and Nehia Jaa Jaa - Creditors Mr T. Dixon - Trustee in Bankruptcy JUDGMENT OF : Barrett J

Mr J V Gooley - Cross-Claimants COUNSEL : Mr M K Rollinson - Cross-Defendant Mr B A J Guest - Creditors Mr P V Winters, Solicitor - Trustee in Bankruptcy Clinch Neville Long - Cross-Claimants SOLICITORS : Carters Law Firm - Cross-Defendant Egisto Solicitors - Creditors Roxburgh & Co - Trustee in Bankruptcy CATCHWORDS : CORPORATIONS - winding up - winding up commenced in 1991 - identification of law governing such winding up - whether s.563B requires payment of interest on admitted debts - proofs by creditors with interest bearing debts - rights to interest accruing after commencement of winding up Corporate Law Reform Act 1992 (Cth) LEGISLATION CITED : Corporations Act 2001 (Cth) Corporations Law Re Emilco Pty Ltd (2001) 20 ACLC 388 Re Fine Industrial Commodities Ltd [1956] Ch 256 Re Humber Ironworks and Shipbuilding Company (Warrant Finance Company's case) (1869) LR 4 Ch App 643 CASES CITED : Re Hyman (1930) 3 ABC 61 Re One.Tel Ltd [2002] NSWSC 1081 Shaw v Goodsmith Industries Ltd (2002) 41 ACSR 556 Re W W Duncan & Co [1905] 1 Ch 307 DECISION : See paragraph 18