NSW Caselaw
Reported Decision : 58 ACSR 518 (2006) 24 ACLC 765
New South Wales Supreme Court
CITATION : Coates Hire Operations Pty Ltd v McNaughton [2006] NSWSC 841
HEARING DATE(S) : 17/08/06
JUDGMENT DATE : 17 August 2006
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
EX TEMPORE JUDGMENT DATE : 08/17/2006
DECISION : Leave granted under s.440J
CATCHWORDS : CORPORATIONS - voluntary administration - enforcement of guarantee given by director of company - need for court's leave for enforcement during administration - where enforcement proceeding commenced one day before end of administration
LEGISLATION CITED : Corporations Act 2001 (Cth), Part 5.3A, ss.235C(1)(b), 440J
Emanuele v Australian Securities Commission (1997) 188 CLR 114 CASES CITED : National Australia Bank Limited v King (2003) 45 ACSR 413 Re Behan; Ex Parte Pioneer Concrete (Qld) Pty Ltd (1995) 17 ACSR 725
PARTIES : Coates Hire Operations Pty Limited - Plaintiff Alexander John McNaughton - Defendant
FILE NUMBER(S) : SC 2716/06
COUNSEL : Mr M. Orlov - Plaintiff
SOLICITORS : Warren McKeon Dickson - Plaintiff
IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION CORPORATIONS LIST
BARRETT J
THURSDAY 17 AUGUST 2006
2716/06 COATES HIRE OPERATIONS PTY LTD v ALEXANDER JOHN McNAUGHTON
JUDGMENT
1 I have before me a claim for an order granting leave under s.440J(1) of the Corporations Act 2001 (Cth). Section 440J is in these terms: " Administration not to trigger liability of director or relative under guarantee of company's liability
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