Derwinto v Lewis [2002] NSWSC 731

Reported Decision : 42 ACSR 645 (2002) 20 ACLC 1674

New South Wales Supreme Court

CITATION : Derwinto v Lewis [2002] NSWSC 731 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 6032/01 HEARING DATE(S) : 5 August 2002 JUDGMENT DATE : 20 August 2002

Derwinto Pty Ltd (in liq) (P/R1) PARTIES : Ronald Dean-Willcocks (P/R2) Alan Edward Lewis (D1/A1) James Alexander Shaw (D2/A2) JUDGMENT OF : Austin J

COUNSEL : F P Carnovale (P/R) R D Marshall (D/A) SOLICITORS : Gillis Delaney Brown (P/R) Bilbie Dan (D/A) CATCHWORDS : CORPORATIONS - deed of company arrangement - proof of debt against company in administration - proof lodged for voting purposes relied on for purposes of distribution - whether deed can limit statutory right of appeal under s 1321 - considerations relevant to extension of time for appeal under Corporations Rule 14.1 - late submission of proof of debt - whether new proof of debt may be lodged which repeats claim made in a rejected proof - whether varied proof should be treated as a fresh proof - what constitutes rejection of a proof of debt - entitlement of proving creditor to participate in distribution Corporations Act 2001 (Cth) ss 444D, 444G, 447D, 588FB, 588FC, 588FF, 1321 LEGISLATION CITED : Corporations Regulations Regs 5.6.11, 5.6.26, 5.6.47, 5.6.48, 5.6.54, 5.6.55, 5.6.56, 5.6.65 Corporations Rules r 14.1 Supreme Court Rules Pt 31 Jackamarra v Krakouer (1998) 195 CLR 516 Kabushi Kaisha Universal v Aristocrat Leisure Industries Pty Ltd (1998) AIPC para 91-396 Re Deerhurst, ex parte Seaton (1891) 8 Morr 258 Re Estate of Knight (a bankrupt); Rocom International Pty Ltd (in liq) v Prentice [2002] FCA 604 CASES CITED : Re General Rolling Stock Company (1872) LR Ch App 646 Re Lohrey; ex parte Dunlop-Perdriau Co Ltd (1931) 4 ABC 62 Re Magic Australia Pty Ltd (in liq) (1992) 7 ACSR 742 Re McMurdo; Penfield v McMurdo [1902] 2 Ch 684 Re Rhoades; ex parte Rhoades [1891] 1 QB 905 Wardley Australia Ltd v State of Western Australia (1992) 175 CLR 514 DECISION : See paragraphs 55, 58, 64, 67 and 68. The other questions do not arise.