Bovis Lend Lease v Wily [2003] NSWSC 467

Reported Decision : (2003) 45 ACSR 612 (2003) 21 ACLC 1737

New South Wales Supreme Court

CITATION : Bovis Lend Lease v Wily [2003] NSWSC 467 HEARING DATE(S) : 10, 11, 12, 13 September, 15 October, 21 & 28 November 2002, 10 June 2003 JUDGMENT DATE : 17 June 2003 JURISDICTION: Equity JUDGMENT OF : Austin J DECISION : Administrator's failure to chair meeting cured under s 1322; creditors' resolution set aside; deed of company arrangement terminated; liquidator replaced.

CATCHWORDS : CORPORATIONS - WINDING UP - appeal against liquidator's decision to appoint voluntary administrator - relevant considerations - VOLUNTARY ADMINISTRATION - whether administrator required to attend personally to chair creditors' decision procured by related party vote should be set aside - whether administrator's decisions as to admission of proofs of debt for voting purposes were correct - whether deed of company arrangement should be terminated for material omissions in administrator's report or on other grounds - whether administrator should be removed - whether Court should review administrator's remuneration - whether Court-ordered winding up terminated by appointment of administrator LEGISLATION CITED : Corporations Act 2001 (Cth) ss 436B, 439A, 439B, 445D, 447A, 447C, 449B, 449E, 474, 479, 482, 530A, 530B, 530C, 600A, 1321, 1322 Advance Housing Pty Ltd v Newcastle Classic Developments Pty Ltd (1994) 14 ACSR 230 Allatech Pty Ltd v Construction Management Group Pty Ltd (2002) 41 ACSR 587 Aloridge Pty Ltd v Christianos (1994) 13 ACSR 99 Ampolex Ltd v Perpetual Trustee Company (Canberra) Ltd (1996) 14 ACLC 977 Bamco Villa Pty Ltd v Montedeen Pty Ltd [2002] VSC 184 Barton v Armstrong [1973] 2 NSWLR 598; [1976] AC 104 Bell Resources Ltd v Turnbridge Pty Ltd (1988) 13 ACLR 429 Byng v London Life Association Ltd [1989] BCLC 400 Cadwallader v Bajco Pty Ltd (2001) 189 ALR 370; [2002] NSWCA 328 Citrix Systems Inc v Telesystems Learning Pty Ltd (1998) 28 ACSR 529 City & Suburban Pty Ltd v Smith (1998) 28 ACSR 328 Commonwealth of Australian v Irving (1996) 19 ACSR 459 Cvitanovic v Kenna & Brown Pty Ltd (1995) 13 ACLC 1654 Dallinger v Halcha Holdings Pty Ltd (1995) 60 FCR 594 Deputy Commissioner of Taxation v Pddam Pty Ltd (1996) 19 ACSR 498 Deputy Commissioner of Taxation v Portinex Pty Ltd (2000) 156 FLR 453 Deputy Commissioner of Taxation v Portinex Pty Ltd (No 2) (2000) 34 ACSR 422 Deputy Federal Commissioner of Taxation v Foodcorp Pty Ltd (1994) 13 ACSR 796 Domino Hire Pty Ltd v Pioneer Park Pty Ltd [2003] NSWSC 496 Elfic Pty Ltd v Macks (2001) 181 ALR 1 Ernest v Loma Gold Mines Ltd [1897] 1 Ch 1 Flower & Hart v White Industries (Qld) Pty Ltd (1999) 87 FCR 134 Grosvenor Hill (Qld) Pty Ltd v Barber (1994) 48 FCR 301 Kalon Pty Ltd v Sydney Land Corporation Pty Ltd (1998) 26 ACSR 593 Khoury v Zambena Pty Ltd [1999] NSWCA 402 Kirwan v Cresvale Far East Ltd (2002) 21 ACLC 371 McPherson v Mansell (1994) 16 ACSR 261 Mercy & Sons Pty Ltd v Wanari Pty Ltd (2000) 35 ACSR 70 Molit (No 55) Pty Ltd v Lamb Soon Australia Pty Ltd (1996) 19 ACSR 160 Murray v Donnelly [2000] NSWSC 634 National Australia Bank Ltd v Market Holdings Pty Ltd (2000) 50 NSWLR 465 National Australia Bank Ltd v Market Holdings Pty Ltd (2001) 19 ACLC 710 National Australia Bank Ltd v Wily [2002] NSWSC 573 National Dwellings Society v Sykes [1894] 3 Ch 159 National Roads and Motorists' Association Ltd v Geeson (2001) 39 ACSR 401 Network Exchange Pty Ltd v MIG International Communications Pty Ltd (1994) 13 ACSR 544 CASES CITED : NZI Capital Corporation v Lancaster (unreported, Federal Court, 3 September 1991), Permanent Trustee Australia Ltd v Boulton & Lynjoe Pty Ltd (1994) 33 NSWLR 735 Petrochemical Industries Ltd v Dempster Nominees Pty Ltd (1994) 15 ACSR 468 Re Adam Eyton Ltd; ex parte Charlesworth (1887) 36 Ch D 299 Re Adams International Food Traders Pty Ltd (1988) 13 NSWLR 282 Re Allebart Pty Ltd [1971] 1 NSWLR 24 Re Biposo Pty Ltd (1995) 17 ACSR 730 Re Central Spring Works Australia Pty Ltd (2000) 34 ACSR 164 Re Chevron Furnishers Pty Ltd [1995] 1Qd R 125 Re Club Superstores Australia Pty Ltd (in liq) (1993) 11 ACLC 751 Re Contract Corporation; Gooch's Case (1872) LR 7 Ch App 207 Re Data Homes Pty Ltd [1972] 2 NSWLR 22 Re Denistone Real Estate Pty Ltd [1972] 3 NSWR 327 Re Depsun Pty Ltd (1994) 13 ACSR 644 Re Dunquil Pty Ltd (1985) 9 ACLR 950 Re G K Pty Ltd; ex parte Deputy Commissioner of Taxation (1983) 7 ACLR 633 Re Giant Resources Ltd [1991] 1 Qd R 107 Re Intercontinental Properties Pty Ltd (1977) 2 ACLR 488 Re Lubin, Rosen & Associates Ltd [1975] 1 WLR 122 Re National Safety Council of Australia [1990] VR 29 Re Norfolk Island & Byron Bay Whaling Co (1969) 10 WN(NSW) 351 Re Oriel Homes Pty Ltd (1997) 15 ACLC 564 Re Queensland Stations Pty Ltd (1991) 9 ACLC 1341 Re Southern Resources Ltd (1989) 15 ACLR 770 Re St George Builders Hardware Pty Ltd (1995) 18 ACSR 451 Re Timberland Ltd (1979) 4 ACLR 259 Re Vector Capital Ltd (1997) 137 FLR 201 Re Zambena Pty Ltd (1995) 13 ACLC 1020 Rodgers v Radly (2000) 37 ACSR 158 Sipad Holdings ddpo v Popovic (1995) 61 FCR 205 Smith v Paringa Mines Ltd [1906] 2 Ch 193 Tanning Research Laboratories Inc v O'Brien (1990) 169 CLR 332 Velkovski v Ryan (1996) 19 ACSR 514 Vincent, White & Associates Pty Ltd v Vouris (1998) 28 ACSR 93 Williams v Spautz (1992) 174 CLR 509 Wily v Parker (1996) 14 ACLC 1432 Young v Sherman (2002) 20 ACLC 149; (2002) 20 ACLC 1559 6062/01 Bovis Lend Lease Pty Ltd (P) Andrew Wily (D1) Thomas Javorsky (D2)