BL & GY v Hypec Electronics [2004] NSWSC 1119

New South Wales Supreme Court

CITATION : BL & GY v Hypec Electronics [2004] NSWSC 1119 HEARING DATE(S) : 25/10/04, 26/10/04, 27/10/04, 28/10/04 JUDGMENT DATE : 2 December 2004

JUDGMENT OF : Gzell J DECISION : Liquidator removed and ordered to pay costs personally

CATCHWORDS : CORPORATIONS - Winding up - Principles in removal of liquidators - Whether in interests of winding up to remove liquidator Income Assessment Act 1936 (Cth) LEGISLATION CITED : Corporations Act 2001 (Cth) Limitation Act 1969 BL & GY International Co Ltd v Hypec Electronics Pty Ltd [2001] NSWSC 705 Hypec Electronics Pty Ltd (in liq) v Mead (2003) 202 ALR 688 Hypec v Mead [2004] NSWCA 221 BL & GY International Co Ltd v Hypec Electronics Pty Ltd (in liq) [2001] NSWSC 841 BL & GY International Co Ltd v Hypec Electronics Pty Ltd [2002] NSWSC 38 BL & GY International Co Ltd v Hypec Electronics Pty Ltd [2002] NSWSC 575 Mead v Mead, unreported, 2 November 2001 Fam C of A Ex parte James; Re Condon (1874) LR 9 Ch App 609 CASES CITED : Hypec Electronics Pty Ltd (in liq) v Mead (2004) 50 ACSR 448 Hypec Electronics Pty Ltd (in liq) v Mead, unreported, NSWSC, 25 November 2003) BL & GY International Co Ltd v Hypec Electronics Pty Ltd (in liq), unreported, NSWSC, 10 December 2003 House v The King (1936) 55 CLR 499 Re Adam Eyton Ltd; Ex parte Charlesworth (1887) 36 Ch D 299 City & Surburban Pty Ltd v Smith (1998) 28 ACSR 328 Domino Hire v Pioneer Park (2003) 21 ACLC 1330 Re Giant Resources Ltd (1991) 1 Qd R 107 Re Biposo Pty Ltd; Condon v Rodgers (1995) 17 ACSR 73 Re Allebart Pty Ltd (in liq) (1971) 1 NSWLR 24 PARTIES : BL & GY International Co Ltd - Plaintiff Hypec Electronics Pty Ltd (in Liquidation) - Defendant FILE NUMBER(S) : SC 1933/01 COUNSEL : Mr D Fagan SC/ Mr V Bedrossian - Applicant Mr G T W Miller QC/ Mr N Gye/Mr T To - Respondent SOLICITORS : Etheringtons Solicitors A R Conolly & Company Lawyers