NSW Caselaw
Reported Decision : 50 ACSR 15 (2004) 22 ACLC 1275
New South Wales Supreme Court
CITATION : Dean-Willcocks & Anor re Alpha Telecom (Aust) Pty Limited & Anor [2004] NSWSC 738 HEARING DATE(S) : 26/07/04 JUDGMENT DATE : 17 August 2004
JURISDICTION: Equity Division Corporations List JUDGMENT OF : Barrett J DECISION : Orders under s.447A allowing pooling of assets and liabilities in two windings up
CATCHWORDS : CORPORATIONS - winding up as sequel to voluntary administration - two companies with common characteristics carrying on business in succession - whether assets and liabilities may be pooled in what is effectively single winding up - need for statutory basis - use of s.447A - analogy with arrangement under s.510 - relevance of dissent by one creditor of one company LEGISLATION CITED : Corporations Act 2001 (Cth) Part 5.3A, ss.439A, 447A, 477, 510, 556 Anmi Pty Ltd v Williams [1981] 2 NSWLR 138 Application of Walker [2002] NSWSC 705 Australasian Memory Pty Ltd v Brien (2000) 200 CLR 270 Bank of Hindustan, China & Japan Ltd v Eastern Financial Association Ltd (1869) LR 2 PC 489 Dean-Willcocks v Soluble Solution Hydroponics Pty Ltd [1997] 42 NSWLR 209 Gibbons v Liberty One Ltd (2002) 41 ACSR 442 Mentha v GE Capital Ltd (1997) 27 ACSR 696 CASES CITED : Re ACN 004 987 866 Pty Ltd (2003) 21 ACLC 1474 In Re Albert Life Assurance Co (1871) LR 6 Ch App 381 Re Bank of Credit and Commerce International SA (No 2) [1992] BCC 715 Re Centaur Mining & Exploration Ltd (2003) 48 ACSR 1 Re Charter Travel Co Ltd (1997) 25 ACSR 337 Re Chevron (Sydney) Ltd [1963] VR 249 Re Commercial Bank Corporation of India and The East (1869) LR 8 Eq 241 Re One.Tel Ltd (2002) 43 ACSR 305 Re Switch Telecommunications Pty Ltd; Ex parte Sherman (2000) 35 ACSR 172 PARTIES : Ronald John Dean-Willcocks and Nicholas Craig Malanos - Plaintiffs FILE NUMBER(S) : SC 3526/04 COUNSEL : Mr G E Cussen, Solicitor - Plaintiffs SOLICITORS : Kemp Strang - Plaintiffs
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