NSW Caselaw
Reported Decision : (2003) 46 ACSR 458 (2003) 21 ACLC 1385
New South Wales Supreme Court
CITATION : Sutherland v Rahme Enterprises [2003] NSWSC 673 revised - 25/07/2003 HEARING DATE(S) : 21/07/03 JUDGMENT DATE : 23 July 2003
JURISDICTION: Equity Division Corporations List JUDGMENT OF : Barrett J DECISION : Termination of winding up refused
CATCHWORDS : CORPORATIONS - winding up - application for termination of winding up following execution of deed of company arrangement - deed extinguishes some debts but leaves substantial related party debts - purported contractual subordination - contract terminable or variable by mutual consent - whether future financial stability sufficiently assured LEGISLATION CITED : Corporations Act 2001 (Cth), ss.444A, 444B, 444D. 444G, 445C, 482 Brolrik Pty Ltd v Sambah Holdings Pty Ltd (2001) 40 ACSR 361 Collins v Collins & Sons Pty Ltd (1984) 9 ACLR 58 Re Data Homes Pty Ltd (1971) 1 NSWLR 338; (1972) 2 NSWLR 22 CASES CITED : GIO Workers' Compensation (NSW) Ltd v Advance International Pty Ltd [2002] NSWSC 261 Mercy & Sons Pty Ltd v Wanari Pty Ltd (2000) 35 ACSR 70 MYT Engineering Pty Ltd v Mulcon Pty Ltd (1999) 195 CLR 636 Re Nature Springs Pty Ltd (1994) 13 ACSR 50 PARTIES : Roderick Mackay Sutherland - Plaintiff Rahme Enterprises Pty Ltd (In Liquidation) - Defendant FILE NUMBER(S) : SC 2736/03 COUNSEL : Mr D R Stack - Plaintiff SOLICITORS : Nash O'Neill Tomko Lawyers - Plaintiff
IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION CORPORATIONS LIST
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