NSW Caselaw
Reported Decision : 43 ACSR 657
New South Wales Supreme Court
CITATION : Ray Brooks v NSW Grains Board No.2 [2002] NSWSC 1175 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2078/02 HEARING DATE(S) : 12 June 2002 JUDGMENT DATE : 6 December 2002
Ray Brooks Pty Ltd (P) PARTIES : NSW Grains Board (Subject to scheme of arrangement) (D1) Murray Campbell Smith (as Scheme Administrator of D1) (D2) JUDGMENT OF : Austin J
COUNSEL : Mr R D Strong (P) Mr B A Coles QC with Mr D R Pritchard (D) SOLICITORS : Mallesons Stephens Jaques (P) Henry Davis York (D) CATCHWORDS : CORPORATIONS - schemes of arrangement - arrangement under special statute incorporating provisions of Corporations Act and Corporations Regulations - whether administrator of scheme has power to consent to variation of creditor's claim - whether Court may extend time for lodgement of claim, notwithstanding provisions of scheme document Corporations Act 2001 (Cth) ss 553C, 554A LEGISLATION CITED : Corporations Regulations Regs 5.6.54, 5.6.56 Corporations (Ancillary Provisions) Act 2001 (NSW) s 11 Grain Marketing Act 1991 (NSW) ss 80, 82 Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 Bond Corporation Holdings Ltd v Western Australia (1992) 7 ACSR 472 Caratti v Hillman (1973) 4 ACLR 170 Commissioner for Corporate Affairs v Harvey [1980] VR 669 Ex parte Adamson, re Collie (1978) 8 Ch D 807 Harrison v Kirk [1904] AC 1 Kempe v Ambassador Insurance Co [1998] 1 WLR 271 Ray Brooks Pty Ltd v NSW Grains Board [2002] NSWSC 374 CASES CITED : Re Alabama, New Orleans, Texas and Pacific Junction Railway Co [1891] 1 Ch 213 Re Autolook Pty Ltd (1983) 8A CLR 419 Re Matine Ltd (1998) 28 ACSR 268 Re NFU Development Trust Ltd [1972] 1 WLR 1548 Re Nostata Pty Ltd (1986) 4 ACLC 584 Re Safety Explosives Ltd [1904] 1 Ch 226 Re Terri Co Pty Ltd (1987) 12 ACLR 457 Tanning Research Laboratories Inc v O'Brien (1990) 169 CLR 332 Westpac Banking Corporation v Morton (1988) 79 ALR 206 DECISION : See under heading "Conclusions"
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