Metledge v Bambakit [2004] NSWSC 176

New South Wales Supreme Court

CITATION : Metledge v Bambakit [2004] NSWSC 176 HEARING DATE(S) : 10 March 2004 JUDGMENT DATE : 17 March 2004 JURISDICTION: Equity JUDGMENT OF : Austin J DECISION : Registrar's orders set aside; orders made for winding up of defendant and for appointment of liquidator

CATCHWORDS : CORPORATIONS - winding up - assessment of evidence as to insolvency, where company has some equity in real property - facts insufficient to support just and equitable ground - (no question of general principle) LEGISLATION CITED : Corporations Act 2001 (Cth) ss 459A, 459C, 459B, 461 Supreme Court Rules Pt 61 r 3 Baines v State Bank of New South Wales (1985) 2 NSWLR 729,736 Beaufort Air-Sea Equipment Pty Ltd v Emhart Australia Pty Ltd (Supreme Court of New South Wales, Malpass M, unreported Builders Licensing Board v Sperway Constructions (Syd) Pty Ltd (1976) 135 CLR 616 Comalco Aluminium Ltd v Ohtsu Tyre & Rubber Co (Aust) Pty Ltd (1983) 8 ACLR 330 CASES CITED : Expile Pty Ltd v Jabb's Excavations Pty Ltd (2003) 45 ACSR 711 International Hospitality Concepts Pty Ltd v National Marking Concepts Inc (No 2) (1994) 13 ACSR 368 Royal Insurance Co Ltd v Sharp [1983] 1 NSWLR 480 Sandell v Porter (1966) 115 CLR 666 Turnbull v New South Wales Medical Board [1976] 2 NSWLR 281,286-7 Westpac Banking Corporation v Abemond Pty Ltd (unreported, NSWSC, 3 November 1994) PARTIES : Mary Metledge trading as Metledge & Associates (P) Bambakit Pty Ltd (D) FILE NUMBER(S) : SC 4915/03 COUNSEL : Mr J T Johnson (P) Mr M Darke (D) SOLICITORS : Sally Nash & Co (P) Tzovaras Legal (D)