NSW Caselaw
New South Wales Supreme Court
CITATION : Wily v Terra Cresta Business Solutions Pty Ltd [2006] NSWSC 1042
HEARING DATE(S) : 18 and 19 September 2006 JURISDICTION : Equity Division
JUDGMENT OF : Young CJ in Eq
EX TEMPORE JUDGMENT DATE : 09/21/2006
DECISION : Charge over BACM is voidable. There is insufficient evidence concerning the charge over BACF to fix amount due.
CATCHWORDS : CORPORATIONS [72]- Charge- Alleged insolvent transaction- Charge within six months of winding up- Whether company insolvent- Test- Held it was- Charge voidable- Corporations Act 2001 (Cth) ss 588FC, 588FE, 588 FF. EVIDENCE [158]- Dobbs clause- How applied to determine quantum- Evidence insufficient to fix amount due- Advice given to liquidator.
LEGISLATION CITED : Conveyancing Act 1919, s 12 Corporations Act 2001 (Cth) ss 9, 95A, 127, 436A, 439A, 461(1)(k), 588FA, 588FB, 588FC, 588FE, 588FF
Cadwallader v Bajco (2001) 189 ALR 370 Dobbs v National Bank of Australasia Ltd (1935) 53 CLR 643 Fagenblat v Feingold Partners Pty Ltd (2001) 49 ATR 18 (VSC) Kirch Communications Pty Ltd v Gene Engineering Pty Ltd [2002] NSWSC 485 Liverpool Roman Catholic Archdiocesean Trustees Inc v Goldberg (No 3) [2001] 1 WLR 2337 Olsen v Nodcad Pty Ltd (1999) 150 FLR 174 CASES CITED : Powell and Duncan v Fryer Tonkin and Perry (2000) 18 ACLC 480 Re Universal Management Ltd [1981] NZCLC 95-026 Re Universal Management Ltd [1983] NZLR 462 Regina (Factortame Ltd) v Secretary of State for Transport (No 8) [2003] QB 381 Sheahan v Hertz Australia Pty Ltd (1994) 14 ACSR 209 (SASC) Shomat Pty Ltd v Rubinstein (1995) 124 FLR 284 Southern Cross Interiors Pty Ltd v Deputy Commissioner of Taxation (2001) 53 NSWLR 213 State Bank of New South Wales Ltd v Chia (2000) 50 NSWLR 587
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate