NSW Caselaw
New South Wales Supreme Court
CITATION : Metledge v Bambakit Pty Ltd; Manuel Koutsourais, Applicant [2005] NSWSC 160
HEARING DATE(S) : 21/02/05
JUDGMENT DATE : 11 March 2005
Equity Division JURISDICTION : Corporations List
JUDGMENT OF : Barrett J
DECISION : Interlocutory process dismissed with costs
CATCHWORDS : CORPORATIONS - winding up - application by contributory for order terminating winding up - sole director failed to co-operate with liquidator - sole director unable to distinguish company's interests from his own - liquidator lacking information upon which to form view of solvency - sole director's bald assertion of solvency - no external assessment of solvency - considerations of commercial morality preclude termination of winding up
LEGISLATION CITED : Corporations Act 2001 (Cth), s.482
Commonwealth Bank of Australia v Begonia (1993) 11 ACLC 477 Deputy Commissioner of Taxation v Lencal Excavations Pty Ltd [2004] NSWSC 783 Deputy Commissioner of Taxation v Sydney Concrete Steel Fixing Pty Ltd (1999) 17 ACLC 972 Dubolo Pty Ltd v Codrington Investment Corporation Pty Ltd (1998) 26 ACSR 723 Expile Pty Ltd v Jabb's Excavations Pty Ltd (2003) 45 ACSR 711 Koutsourais v Metledge & Associates [2004] NSWCA 313 Re Calgary & Edmonton Land Co Ltd [1975] 1 WLR 355 CASES CITED : Re Data Homes Pty Ltd [1971] 1 NSWLR 338 Re Denistone Real Estate Pty Ltd [1970] 3 NSWR 327 Re Mascot Home Furnishers Pty Ltd [1970] VR 593 Re Nature Springs Pty Ltd (1994) 13 ACSR 50 Re Skay Fashions Pty Ltd (1986) 10 ACLR 743 Re Warbler Pty Ltd (1982) 6 ACLR 526 Sutherland v Rahme Enterprises Pty Ltd (2003) 46 ACSR 458
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