Re Glowbind Pty Limited (In Liquidation); Takchi v Parbery [2003] NSWSC 1190

Reported Decision : 48 ACSR 456 (2004) 22 ACLC 642

New South Wales Supreme Court

CITATION : Re Glowbind Pty Limited (In Liquidation); Takchi v Parbery [2003] NSWSC 1190 HEARING DATE(S) : 1/12/03, 2/12/03, 3/12/03, 4/12/03 JUDGMENT DATE : 15 December 2003

JUDGMENT OF : Burchett AJ at 1 DECISION : Application to be dismissed pursuant to short minutes to be brought in on a date to be fixed.

CATCHWORDS : CORPORATIONS - Whether, where in winding up proceedings the company is precluded from contesting the debt alleged in a statutory demand, and a winding up order is made, the liquidator is estopped from rejecting entirely the petitioning creditor's proof of debt - whether inquiry should be ordered under s 536 into matters relating to a liquidation - construction and scope of s 536 - whether proof of debt should have been dealt with under s 554A - construction and scope of s 554A - whether s 479 (3) was available to a liquidator faced by strenuously disputed and complex claim - whether liquidator as chairperson was entitled to reject proofs of debt for the purpose of voting or should have marked them under reg 5.6.26(2) and allowed the creditors to vote - whether an extension of time should be granted for an appeal against chairperson's ruling. LEGISLATION CITED : Corporations Act 2001, ss 473(6), 477(1)(c), 479(3), 536, 554A Corporations Regulations, regs 5.6.23, 5.6.26. Belvista Pty Ltd v Murphy (1993) 11 ACSR 628 Blair v Curran (1939) 62 CLR 464 Bovis Lend Lease Pty Ltd v Wily (2003) 45 ACSR 612 Burns Philp Investments Pty Ltd v Dickens (1993) 11 ACLC 272 David Grant & Co Pty Limited v Westpac Banking Corporation (1995) 184 CLR 265 Belvista Pty Ltd v Murphy (1993) 11 ACSR 628 Blair v Curran (1939) 62 CLR 464 Bovis Lend Lease Pty Limited v Wily (2003) 45 ACSR 612 Burns Philp Investments Pty Ltd v Dickens (1993) 11 ACLC 272 David Grant & Co Pty Limited v Westpac Banking Corporation (1995) 184 CLR 265 Direct Acceptance Investments Pty Ltd v Blackwell (1995) 17 ACSR 89 Effem Foods Pty Limited v Trawl Industries of Australia Pty Limited (1993) 43 FCR 510 GB Nathan and Co Pty Ltd (in liq), Re (1991) 24 NSWLR 674 CASES CITED : John Vouris; Re Epromotions Australia Pty Ltd [2003] NSWSC 702 JW Murphy & PC Allen; Re BPTC Ltd (in liq), Re (1996) 19 ACSR 569 Magic Aust Pty Ltd (in liq), Re (1992) 7 ACSR 742 ME AND ANGUS PTY LTD, Re (1992) 7 ACSR 748 New Brunswick Railway Co. v British & French Trust Corporation, Ltd [1939] AC 1 Ramsay v Pigram (1968) 118 CLR 271 Selim v McGrath [2003] NSWSC 927 Selim v McGrath [2003] NSWSC 927 Switz Pty Ltd v Glowbind Pty Ltd (2000) 48 NSWLR 661 Switz v Glowbind [1999] NSWSC 1296 Tanning Research Laboratories Inc v O'Brien (1990) 169 CLR 332 Vincent, White & Associates Pty Ltd v Vouris (1998) 28 ACSR 93 Westpac Banking Corp v Totterdell (1998) 29 ACSR 448 Young v Sherman (2001) 40 ACSR 12 PARTIES : Rezkalla Charles Takchi & Others (Applicants) Stephen James Parberry in his capacity as liquidator of Glowbind Pty Limited (In liquidation) [ACN 054 925 290] (Respondent) FILE NUMBER(S) : SC 3407/99 COUNSEL : R.K. Eassie (Applicants] J. Sheahan SC / P. Dowdy (Respondent) SOLICITORS : Patrick Woods & Co (Applicants) Henry Davis York (Respondent)