NSW Caselaw
Reported Decision : 54 ACSR 696
New South Wales Supreme Court
CITATION : CarLovers Carwash Ltd & Ors [2005] NSWSC 879
HEARING DATE(S) : 12/08/05
JUDGMENT DATE : 2 September 2005
Equity Division JURISDICTION : Corporations List
JUDGMENT OF : Barrett J
DECISION : Detailed orders at paragraph 41
CATCHWORDS : CORPORATIONS - deed of company arrangement - remuneration of deed administrator - ineffective delegation of remuneration fixing power to committee of inspection - application for s.447A order validating part of remuneration already paid - like application to allow committee of inspection to fix further remuneration - regime to avoid undue cost in notifying creditors of proposal for remuneration to be fixed by meeting of creditors or by court
Corporations Act 2001 (Cth), ss.447A, 449E(1) LEGISLATION CITED : Supreme Court (Corporations) Rules 1999, 9.2(2)
Re Ansett Australia Ltd (2002) 40 ACSR 409 Re Clynton Court Pty Ltd (2005) 53 ACSR 432 Re Henry Walker Eltin Group Ltd [2005] FCA 994 CASES CITED : Re Regis Towers Real Estate Pty Ltd (2004) 51 ACSR 628 Re Stockford Ltd; Korda (2004) 52 ACSR 279 Webster v McIntosh (1980) 49 FLR 317
CarLovers Carwash Limited The Carwash Kings Pty Limited CarLovers Carwash (Aust) Pty Limited PARTIES : CarLovers (Maroochydore) Pty Limited Stuart Karim Ariff - Plaintiffs Berjaya Group (Aust) Pty Ltd Berjaya Group (Cayman) Ltd - Granted leave to be heard without becoming parties
FILE NUMBER(S) : SC 3665/03
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