Wily v Eastern Elevators Pty Limited [2003] NSWSC 377

Reported Decision : (2003) 45 ACSR 261 (2003) 21 ACLC 1321

New South Wales Supreme Court

CITATION : Wily v Eastern Elevators Pty Limited [2003] NSWSC 377 revised - 15/05/2003 HEARING DATE(S) : 23 & 25 October 2002 JUDGMENT DATE : 6 May 2003 JURISDICTION: Common Law Division JUDGMENT OF : Dunford J DECISION : Appeal dismissed.

CATCHWORDS : CORPORATIONS - winding-up - voidable transactions - preferential payments - running account - progress payments under building contract - reason to suspect insolvency - WORDS & PHRASES - "suspect" Bankruptcy Act 1966, s 122 Corporations Act 2001, ss 9, 588FA-588FG LEGISLATION CITED : Corporations Law, s 565 Local Court (Civil Claims) Act 1970, s 69 Supreme Court Act 1970, s 75A Airservices Australia v Ferrier (1996) 185 CLR 483 Olifent v Workcover Corporation of South Australia (1996) 135 FLR 423 Queensland Bacon Pty Ltd v Rees (1966) 115 CLR 266 Re Thompson Land Ltd; Walsh as Liquidator of Thompson Land Ltd v Salzer Constructions Pty Ltd [2000] VSCA 228, (2001) 3 VR 305 CASES CITED : Rees v Bank of New South Wales (1964) 111 CLR 210 Sandell v Porter (1966) 115 CLR 666 Sands & McDougall Wholesale Pty Ltd (in liq.) v Commissioner of Taxation (Cth) [1998] VSCA 76, [1999] 1 VR 489 Sims v Celcast Pty Ltd (1998) 71 SASR 142 Sutherland (as liquidator of Sydney Appliances Pty Ltd (in liq.)) v Eurolinx Pty Ltd [2001] NSWSC 230, 37 ACSR 477 Andrew Hugh Jenner Wily (in his capacity as liquidator of Goltep Constructions (NSW) Pty Limited (in liquidation)) (First Plaintiff) PARTIES : Goltep Constructions (NSW) Pty Limited (in liquidation) (Second Plaintiff) Eastern Elevators Pty Limited (Defendant) FILE NUMBER(S) : SC 10894/02 COUNSEL : P Fury (Plaintiffs) T Hall (Defendant) SOLICITORS : MD Nikolaidis & Co (Plaintiffs) JS Mueller & Co (Defendant)