NSW Caselaw
Reported Decision : 41 ACSR 631
New South Wales Supreme Court
CITATION : Ray Brooks v NSW Grains Board [2002] NSWSC 374 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2078/02 HEARING DATE(S) : 30 April 2002 JUDGMENT DATE : 1 May 2002
Ray Brooks Pty Ltd (P) PARTIES : NSW Grains Board (Subject to scheme of arrangement) (D1) Murray Campbell Smith (Administrator of NSW Grains Board (appointed pursuant to s 31 of the Grain Marketing Act)) (D2) JUDGMENT OF : Austin J
COUNSEL : Mr R Strong (P) B Coles QC with Mr D R Pritchard (D) SOLICITORS : Mallesons Stephen Jaques (P) Henry Davis York (D) CATCHWORDS : CORPORATIONS - statutory compromise scheme equivalent to creditors' scheme of arrangement - plaintiff alleges it did not receive notice of meeting of creditors - seeks declaration that scheme is not binding on creditors because meeting was not convened in accordance with Court's orders - whether Court's orders approving scheme prevent plaintiff from subsequently raising this issue - whether plaintiff's prayer for relief should be struck out Corporations Act 2001 (Cth) s 411 LEGISLATION CITED : Grain Marketing Act 1991 (NSW) ss 31, 80 Supreme Court Rules Pt 13 r 5 Bridges v Hershon [1968] 3 NSWR 47 Brown v DML Resources (No 2) (2001) 39 ACSR 219 Brown v DML Resources (No 3) [2001] NSWSC 719 Brown v DML Resources (No 4) [2001] NSWSC 947 Brown v DML Resources (No 5) [2001] NSWSC 973 Cameron v Cole (1944) 68 CLR 571 Chief Commissioner of Pay-Roll Tax v Group Four Industries Pty Ltd [1984] 1 NSWLR 680 CASES CITED : Elric Pty Ltd v Taylor (1986) 4 ACLC 321 Excelsior Land Investment and Building Co and Bank Ltd v Phelan (1898) 19 LR (NSW) 59 Frick Australia Pty Ltd v Pen Pak Ocean Products Pty Ltd [1971] Qd R 286 Re Dorman Long and Co Ltd [1934] Ch 635 Re Montana Frocks Pty Ltd (1967) 87 WN (Pt 1) (NSW) 271 Re Padstow Total Loss and Collision Assurance Association (1882) 20 ChD 137 Re W Coogan & Co Pty Ltd (1993) 11 ACLC 388 Sovereign Life Assurance Company v Dodd [1892] 2 QB 573 DECISION : Prayer for relief struck out
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