Andreotti & Ors v Ausforest Ltd (Receivers & Managers Appointed) [2004] NSWSC 1229

New South Wales Supreme Court

CITATION : Andreotti & Ors v Ausforest Ltd (Receivers & Managers Appointed) [2004] NSWSC 1229 HEARING DATE(S) : 8 December 2004 JUDGMENT DATE : 8 December 2004 JURISDICTION: Equity Division JUDGMENT OF : Palmer J DECISION : Termination of administration ordered; no postponement of winding up order.

CATCHWORDS : CORPORATIONS - WINDING UP - ADMINISTRATION - TIMING OF ORDERS - Whether order terminating administration under s.447A should be made a day before winding up order so as to fix commencement of winding up under s.513A at earliest possible time - whether any need shown to vary scheme of s.513A(b). LEGISLATION CITED : Corporations Act 2001 (Cth) - s.447A, s.459A, s.513A, s.556(1) CASES CITED : St Leonards Property Pty Ltd v Ambridge Investments Pty Ltd (2004) 50 ACSR 443 Lidio Amerigo Andreotti - First Plaintiff David John Beer - Second Plaintiff Mark Frederick Ralph Bielecki - Third Plaintiff Brett Boon - Fourth Plaintiff David Henry Brand - Fifth Plaintiff Stephen Gerard Connell - Sixth Plaintiff Malcolm John Davis - Seventh Plaintiff Trevor Paul Edmond - Eighth Plaintiff David George Gaszner - Ninth Plaintiff Kevin Francis Gilchrist - Tenth Plaintiff Philip James Harris - Eleventh Plaintiff Stephen John Heath - Twelfth Plaintiff John Andrew Homburg - Thirteenth Plaintiff PARTIES : James Scott Lumsden - Fourteenth Plaintiff Stephen John Lyons - Fifteenth Plaintiff David Cranston Munt - Sixteenth Plaintiff Michael James O'Donnell - Seventeenth Plaintiff Sian Vaughan Rees - Eighteenth Plaintiff Loretta Anne Reynolds - Nineteenth Plaintiff Anthony John Saint - Twentieth Plaintiff Kenneth Douglas Schurgott - Twenty-first Plaintiff Paul Lewis Tanti - Twenty-second Plaintiff Adrian Alexander Tembel - Twenty-third Plaintiff Stephen Douglas Voss - Twenty-fourth Plaintiff Stephen John White - Twenty-fifth Plaintiff Richard Anthony Wood - Twenty-sixth Plaintiff Ausforest Ltd (Receivers & Managers Appointed) - Defendant FILE NUMBER(S) : SC 5821/04 COUNSEL : D. Farrar - Plaintiffs D. Mackay - Defendants SOLICITORS : Thomson Playford - Plaintiff Minter Ellison - Defendant