Lubavitch Mazal v Yeshiva Properties No.1 & ors [2003] NSWSC 535

Reported Decision : 47 ACSR 197 (2004) 22 ACLC 735

New South Wales Supreme Court

CITATION : Lubavitch Mazal v Yeshiva Properties No.1 & ors [2003] NSWSC 535 HEARING DATE(S) : 20, 21, 22, 25 August 2003 JUDGMENT DATE : 4 September 2003 JURISDICTION: Equity JUDGMENT OF : Austin J DECISION : Provisional liquidator appointed

CATCHWORDS : CORPORATIONS - voluntary administration - whether winding up proceeding should be adjourned - whether provisional liquidator should be appointed LEGISLATION CITED : Corporations Act 2001 (Cth) ss 436A, 436B, 440A, 440D, 588FE, 588FJ Trustee Act 1925 (NSW) ss 6, 9 ASC v Solomon (1996) 19 ACSR 73 Australian Guarantee Corporation Ltd v Agapei Pty Ltd [2002] NSWSC 1034 Constantinidis v JGL Trading Pty Ltd (1995) 17 ACSR 625 Creevey v Deputy Commission of Taxation (1996) 19 ACSR 456 Deputy Commissioner of Taxation v Bradley Keeling Management Pty Ltd (2003) 44 ACSR 377 GIO Workers Compensation Ltd v Primbee [2003] NSWSC 591 Malouf v O'Donohoe [2001] NSWSC 335 CASES CITED : Re Carapark Industries Pty Ltd (in liq) [1967] 1 NSWR 337 Re Club Mediterranean Pty Ltd (1975) 11 SASR 481 Re First Netcom Pty Ltd (2000) 35 ACSR 615 Waste Recycling and Processing Services of New South Wales v Local Government Recycling Co-operative Ltd (1999) 32 ACSR 194 Wimborne v Brien (1997) 23 ACSR 56 Yeshiva Properties No 1 Pty Ltd v Lubavitch Mazal Pty Ltd [2003] NSWSC 615 Yeshiva Properties No 1 Pty Ltd v Lubavitch Mazal Pty Ltd [2003] NSWSC 755 Zempilas v JN Taylor Holdings Ltd (No 2) (1990) 3 ACSR 518 Lubavitch Mazal Pty Ltd (P) Yeshiva Properties No.1 Pty Ltd (D1) Yeshiva Properties No.2 Pty Ltd (D2) Yeshiva Properties No.3 Pty Ltd (D3) PARTIES : Yeshiva Properties No.4 Pty Ltd (D4) Yeshiva Properties No.5 Pty Ltd (D5) Yeshiva Properties No.6 Pty Ltd (D6) Nelvet Pty Ltd (leave to be heard under Corporations Rule 2.13) Meriton Finance Pty Ltd (leave to be heard under Corporations Rule 2.13) FILE NUMBER(S) : SC 4436/03 C R Newlinds with I M Martindale (P) COUNSEL : M Stevens (D) S M P Reeves (Nelvet Pty Ltd) R K Eassie (Meriton Finance Pty Ltd) Schetzer Brott & Appel by their Sydney Agent, Kemp Strang (P) SOLICITORS : Abbott Tout (D) Denes Ebner (Nelvet Pty Ltd)