TCS Management Pty Ltd v CTTI Solutions Pty Ltd [2001] NSWSC 830

New South Wales Supreme Court

CITATION : TCS Management Pty Ltd v CTTI Solutions Pty Ltd [2001] NSWSC 830 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 3392/01 HEARING DATE(S) : 14, 15 & 17 August 2001 JUDGMENT DATE : 17 August 2001

PARTIES : TCS Management Pty Limited (P) CTTI Solutions Pty Limited (D) JUDGMENT OF : Hamilton J

COUNSEL : Miss A Pearman (P) Mr M Hayter, Solicitor (D) SOLICITORS : Cornwall Stodart (P) Gordon & Johnstone (D) CATCHWORDS : CORPORATIONS [182] - Voluntary administration - Protection of company property during administration - Winding up company - Power of Court to adjourn hearing of winding up application - Criterion by which discretion to be exercised - Relevant considerations. LEGISLATION CITED : Corporations Act 2001 (Cth) s 440A(2) Bathurst City Council v Event Management Specialist Pty Limited (admin apptd) (2001) 36 ACSR 732 Creevey v Deputy Commissioner of Taxation (1996) 19 ACSR 456 Deputy Commissioner of Taxation v Choice Design Homes Pty Limited [1999] NSWSC 589 Deputy Commissioner of Taxation v Yates Security Services Pty Ltd (1997) 26 ACSR 629 CASES CITED : Deputy Commissioner of Taxation: In the matter of First Netcom Pty Limited [2000] NSWSC 989 Fullview Pty Limited v WLW Pty Limited Federal Court of Australia 17 September 1997 Parkinson JR unreported Re First Netcom Pty Ltd: Deputy Commissioner of Taxation v First Netcom Pty Ltd (2000) 35 ACSR 615 Waste Recycling and Processing Services of New South Wales (t/as Waste Service New South Wales) v Local Government Recycling Co-operative Ltd (1999) 32 ACSR 194 Keith Bennetts, "Dealing with Winding Up Applications Following the Appointment of an Administrator" (2000) 18 Companies and Securities LJ 41 DECISION : Adjournment refused. Company wound up.