Brown v DML Resources (No.7) [2002] NSWSC 162

Reported Decision : 41 ACSR 299 (2002) 20 ACLC 796

New South Wales Supreme Court

CITATION : Brown v DML Resources (No.7) [2002] NSWSC 162 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 3830/00 HEARING DATE(S) : 13 February 2002, 5 March 2002 JUDGMENT DATE : 13 March 2002

Martin Russell Brown and Timothy James Cuming (P & A) PARTIES : DML Resources Pty Limited (In liquidation) (D1) DML Resources (WA) Pty Limited (In liquidation) (D2) BP Australia Ltd (R) JUDGMENT OF : Austin J

COUNSEL : B Rayment QC with C R Newlinds (P & A) B Coles QC with M Ashhurst (R) SOLICITORS : Kemp Strang (P & A) Carneys, Lawyers (R) CATCHWORDS : CORPORATIONS - liquidator's application for extension of three year limitation period to make application to attack unfair preferences - discretionary considerations LEGISLATION CITED : Corporations Act 2001 (Cth) ss 588FF(3)(b), 1322 Brown v DML Resources (No 2) (2001) 39 ACSR 219 Brown v DML Resources (No 3) [2001] NSWSC 719 (29 August 2001) Brown v DML Resources (No 4) [2001] NSWSC 947 (24 October 2001 Brown v DML Resources (No 5) [2001] NSWSC 973 (31 October 2001) CASES CITED : Brown v DML Resources (No 6) [2002] NSWSC 6 (23 January 2002) Demondrille Nominees Pty Ltd v Shirlaw (1997) 25 ACSR 535 Green v Chiswell Furniture Pty Ltd [1999] NSWSC 608 (23 June 1999) Richard Walter Pty Ltd [1999] NSWSC 1179 (Santow J, 2 December 1999) Taylor v Woden Constructions Pty Ltd [1998] 1228 FCA (23 September 1998) DECISION : Orders made for extension of time to bring proceeding to attack unfair preferences