Proactive Managment & Ors v Over Fifty Funds & Ors [2007] NSWSC 802

New South Wales Supreme Court

CITATION : Proactive Managment & Ors v Over Fifty Funds & Ors [2007] NSWSC 802

HEARING DATE(S) : 19/07/07, 20/07/07 JUDGMENT OF : Gzell J

EX TEMPORE JUDGMENT DATE : 19 July 2007

DECISION : Leave to proceed granted.

CATCHWORDS : CORPORATIONS - Winding up - Leave to proceed - Specific performance of contracts for sale of land sought against company in liquidation as vendor - Whether equitable interests created that bind the liquidator - Applicable principles

LEGISLATION CITED : Corporations Act 2001 (Cth)

Tellsa Furniture Pty Ltd (in liq) v Glendave Nominees Pty Ltd (1987) 9 NSWLR 254 Vagrand Pty Ltd (in liq) v Fielding (1993) 10 ACSR 373 Hewlett Packard Australia Pty Ltd v Siltek Holdings Pty Ltd [2005] NSWSC 672 Ogilvie Grant v East (1983) 7 ACLR 669 Hewett v Court (1982 1983) 149 CLR 639 Armidale Dumaresq Council v M & P (North Coast) Pty Ltd & Anor [2005] 64 NSWLR 1 Affinity Health Ltd v Chief Commissioner of State Revenue 2005 ATC 4637 Brown v Heffer (1967) 116 CLR 344 Legione v Hateley (1982-1983) 152 CLR 406 CASES CITED : Chief Commissioner of Stamp Duties v ISPT Pty Ltd (1998) 45 NSWLR 639 Tanwar Enterprises Pty Ltd v Cauchi (2003) 217 CLR 315 KLDE Pty Ltd v Commissioner of Stamp Duties (Qld) (1984) 155 CLR 288 Stern v McArthur (1988) 165 CLR 489 Chan v Cresdon Pty Ltd (1989) 168 CLR 242 Laybutt v Amoco Australia Pty Ltd (1974) 132 CLR 57 Re Henderson's Caveat [1998] 1 Qd R 632 Forder v Cemcorp Pty Ltd (2001) 51 NSWLR 486 Buildev Developments Pty Ltd v PicSales Pty Ltd [2003] 11 BPR 21,445 Baden Pacific Ltd v Portreeve Pty Ltd (1988) 14 ACLR 677