NSW Caselaw
Reported Decision : 43 ACSR 305
New South Wales Supreme Court
CITATION : Re One.Tel Ltd [2002] NSWSC 1081 CURRENT JURISDICTION: Equity Division Corporations List FILE NUMBER(S) : SC 3610/02 HEARING DATE(S) : 14/10/02 (and written submissions 7/11/02) JUDGMENT DATE : 15 November 2002
PARTIES : Peter Murray Walker and Steven John Sherman as liquidators of One.Tel Ltd (in liq) - Applicants JUDGMENT OF : Barrett J
COUNSEL : Mr B A J Coles QC/Mr C R C Newlinds - Applicants SOLICITORS : Clayton Utz - Applicants CATCHWORDS : CORPORATIONS - winding up - creditors with very small claims - whether liquidator has same discretion as trustee in bankruptcy not to pay dividend less than $25 - whether such bankruptcy provision is a rule "with regard to debts provable" in insolvent winding up - voluntary winding up in consequence of voluntary administration - whether jurisdiction under Corporations Act s.447A available to modify various creditor notification requirements - whether court should dispense with such notification requirements Bankruptcy Act 1966 (Cth) LEGISLATION CITED : Bankruptcy Regulations 1996 (Cth) Corporations Act 2001 (Cth) Corporations Regulations 2001 (Cth) Re Albion Steel and Wire Co (1878) LR 7 ChD 547 Re Ansett Australia Ltd (No 2) (2002) 115 FCR 395 Australasian Memory Pty Ltd v Brien (2000) 200 CLR 270 Re Autolook Pty Ltd (1983) 8 ACLR 419 Re Berkeley Securities (Property) Ltd [1980] 3 All ER 513 Brown v Carpet Design Group Pty Ltd (1994) 50 FCR 526 Centurian Constructions Pty Ltd v Beca Developments Pty Ltd [1999] NSWCA 457 Day and Dent Constructions Pty Ltd v North Australian Properties Pty Ltd (1981) 150 CLR 85 Federal Commissioner of Taxation v Liquidator of E O Farley Ltd (1940) 63 CLR 278 CASES CITED : Gibbons v Libertyone Ltd (2002) 41 ACSR 442 Re Giga Investments Pty Ltd (unreported, FCA, 8 September 1995) Mercy & Sons Pty Ltd v Wanari Pty Ltd (2000) 35 ACSR 70 Mersey Steel and Iron Co Ltd v Naylor Benzon & Co (1884) 9 App Cas 434 Re Oriental Bank Corporation (1884) 28 ChD 634 Re Pyramid Building Society (1994) 13 ACSR 566 Sanderson v Classic Car Insurances Pty Ltd (1985) 10 ACLR 115 Re Application of Walker (as Liquidator of One.Tel Ltd) [2002] NSWSC 705 Re West of England Bank (1879) LR 12 ChD 823 Re Whitaker [1901] 1 Ch 9 DECISION : See paragraph 69
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