Shakespeares Pie Co v Multipye [2006] NSWSC 930

New South Wales Supreme Court

CITATION : Shakespeares Pie Co v Multipye [2006] NSWSC 930

HEARING DATE(S) : 19 & 20 April, 11 September 2006

JUDGMENT DATE : 12 September 2006

JURISDICTION : Equity

JUDGMENT OF : Austin J

DECISION : Orders that the defendant company be wound up and liquidators appointed

CATCHWORDS : CORPORATIONS - winding up in insolvency - whether defendant could raise at the hearing matters that could have been raised in the application to set aside a statutory demand - admissibility of evidence on such matters - proof of solvency, where company is not trading - significance of related creditors' debts being due and payable where related creditors oppose the winding up - court's discretion to decline to order winding up of insolvent company

LEGISLATION CITED : Corporations Act 2001 (Cth) ss 459A, 459G, 459P, 459S Retail Leases Act 1994 (NSW) s 14

Ace Contractors & Staff Pty Ltd v Westgarth Development Pty Ltd [1999] FCA 728 ASIC v Plymin (No 1) (2003) 46 ACSR 126 Emmanuel Management Pty Ltd v Foster's Brewing Group Ltd (2003) 178 FLR 1 Expile Pty Ltd v Jabb's Excavations Pty Ltd (2003) 45 ACSR 711 Iso Lilodw' Aliphumeleli Pty Ltd (in liq) v Commissioner of Taxation (2002) 42 ACSR 561 CASES CITED : Lee Kong v Pilkington (Australia) Ltd (1997) 25 ACSR 103 Shakespeares Pie Co Australia Pty Ltd v Multipye Pty Ltd [2005] NSWSC 1338 Shakespeares Pie Co Australia Pty Ltd v Multipye Pty Ltd [2005] NSWSC 1201 Shakespeares Pie Co Australia Pty Ltd v Multipye Pty Ltd [2006] NSWSC 100 Southern Cross Interiors Pty Ltd (in liq) v DCT (2001) 39 ACSR 305 White Constructions (ACTU) Pty Ltd (in liq) v White (2004) 49 ACSR 220