NSW Caselaw
Reported Decision : 41 ACSR 623
New South Wales Supreme Court
CITATION : Re United Medical Protection & ors [2002] NSWSC 413 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2545/02, 2543/02, 2541/02 HEARING DATE(S) : 3 May 2002 JUDGMENT DATE : 3 May 2002
2545/02 United Medical Protection Ltd (Applicant)
PARTIES : 2543/02 Australasian Medical Insurance Ltd (Applicant)
2541/02 MDU Australia Insurance Co Pty Ltd (Applicant) JUDGMENT OF : Austin J
COUNSEL : Mr J Sackar QC with Mr M J Dawson (Applicants) SOLICITORS : Tress Cocks & Maddox (Applicants) CATCHWORDS : CORPORATIONS - application by the company for winding up on just and equitable ground - whether board of directors has power to resolve to make application for winding up and for appointment of provisional liquidator - whether receiver and manager would be more appropriate - relevance of attitude of board of directors Bastion v Gideon Investments Pty Ltd (2000) 35 ACSR 466 McMillan v Toledo Enterprises International Pty Ltd (1995) 18 ACSR 603 Re Botar-Tatham Pty Ltd (2001) 52 NSWLR 680 Re Inkerman Grazing Pty Ltd [1972] 1 ACLR 102 CASES CITED : Re Interchase Management Services Pty Ltd (1992) 9 ACSR 148 Re London, Hamburg and Continental Exchange Bank (1866) LR 2 Eq 231 Re T & L Trading (Aust) Pty Ltd (1986) 10 ACLR 388 Re United Uranium NL (1980) 8 ACLR 741 Re Westbourne Galleries Ltd [1973] AC 360 Riviana (Aust) Pty Ltd v Laospac Trading Pty Ltd (1986) 10 ACLR 865 DECISION : Provisional liquidator appointed
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