Anderson v Palmer [2002] NSWSC 192

New South Wales Supreme Court

CITATION : Anderson v Palmer [2002] NSWSC 192 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 5160/01 HEARING DATE(S) : 25/02/02, 26/02/02 Leave to re-open - 08/03/02 JUDGMENT DATE : 20 March 2002

Christine Joyce Anderson - Plaintiff PARTIES : Christopher John Palmer - Defendant John Howard Mann - Former Liquidator Davies' Interests - Creditors JUDGMENT OF : Barrett J

Mr T.A. Alexis - Plaintiff COUNSEL : Mr R. Alkadamani - Defendant Mr A.P. Spencer - Mr Mann Mr J.T. Johnson - Davies' Interests Rockliffs - Plaintiff SOLICITORS : Truman Hoyle - Defendant The Argyle Partnership - Mr Mann Maguire & McInerney - Davies' Interests CATCHWORDS : CORPORATIONS - winding up - termination of winding up on application of contributory - need to show solvency and financial stability - such application is not occasion for disputes about claims to be determined - unsubordinated claims of related parties are relevant despite their willingness not to serve subsequent statutory demand - statutory right of creditors to interest under s.563B discussed - potential benefits to some creditors in relation to such interest not made known to them - termination premature LEGISLATION CITED : Corporations Act 2001 (Cth) Brooks v Heritage Hotel Pty Ltd (1996) 20 ACSR 61 Re Data Homes Pty Ltd [1971] 1 NSWLR 338 CASES CITED : Dubolo Pty Ltd v Codrington Investment Corporation Pty Ltd (1998) 26 ACSR 723 Melbase Corporation Pty Ltd v Segenhoe Ltd (1995) 17 ACSR 61 Re Warbler Pty Ltd (1982) 6 ACLR 526 DECISION : Application refused