NSW Caselaw
Reported Decision : 53 ACSR 724 (2005) 23 ACLC 792
New South Wales Supreme Court
CITATION : Ozem Kassem v Sentinel Properties Limited [2005] NSWSC 403
HEARING DATE(S) : 18/04/05
JUDGMENT DATE : 29 April 2005
Equity Division JURISDICTION : Corporations List
JUDGMENT OF : Barrett J
DECISION : Determination of questions arising in windings up
CATCHWORDS : CORPORATIONS - winding up - proposal for pooling of assets and liabilities of several companies - no interference with pari passu basis of creditors' participation - whether one dissentient creditor means s.510 resolution of creditors ineffective - requirements for such resolution discussed
Companies Act 1874, s.187 LEGISLATION CITED : Corporations Act 2001 (Cth), ss.510, 511(1) Corporations Regulations 2001 (Cth), 5.6.11(2), 5.6.12 to 5.6.57
Attorney General v Davy (1741) 2 Atk 212; 26 ER 531 Dean-Willcocks v Soluble Solution Hydroponics Pty Ltd (1997) 42 NSWLR 209 Re Spedley Securities Ltd (1992) 9 ACSR 83 CASES CITED : Re Switch Telecommunications Pty Ltd (2000) 35 ACSR 172 Re The Farmers' Freehold Land Company Ltd (1892) 3 BC (NSW) 39 Re Trix Ltd [1970] 3 All ER 397
Ozem Kassem - Plaintiff Sentinel Properties Limited (In Liquidation) - First Defendant Sentinel Properties (NSW) Pty Limited (In Liquidation) - Second Defendant PARTIES : Sentinel Realty Holdings Pty Limited (In Liquidation) - Third Defendant Sentinel Properties (Qld) Pty Limited (In Liquidation) - Fourth Defendant Property Compass Recoveries Pty Limited (In Liquidation) - Fifth Defendant
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