NSW Caselaw
Reported Decision : (2007) 25 ACLC 1,652
New South Wales Supreme Court
CITATION : Walker re One.Tel Limited [2007] NSWSC 1478
HEARING DATE(S) : 26/06/06, 17/04/07 Written submissions: 10/10/07, 12/12/07
JUDGMENT DATE : 18 December 2007
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Liquidators to submit form of direction
CATCHWORDS : CORPORATIONS - winding up - proof and ranking of claims - where small credit balances recorded in respect of subscribers to whom telephone services not provided - where relevant contracts pre-dated the "relevant date" of the winding up - where some credits recorded before relevant date and others after - how such credits should be treated by liquidators
LEGISLATION CITED : Bankruptcy Act 1966 (Cth), ss 82, 140(9) Corporations Act 2001 (Cth), Part 5.3A, ss 443, 511(1)(a), 553(1), 553E, 556
Foots v Southern Cross Mine Management Pty Ltd [2007] HCA 56 Hardy v Fothergill (1888) LR 13 App Cas 351 Lofthouse (as liquidator of Main Jenkins Pty Limited) v Commissioner of Taxation [2001] VSC 326 CASES CITED : Re Hide; Ex parte Llynvi Coal & Iron Co (1871) 7 Ch App 28 Re One.Tel Ltd; Walker and Sherman [2002] NSWSC 1081; (2002) 43 ACSR 305 Something Better Pty Limited v Pyramid Building Society (in liq) [1996] 2 VR 352 Sons of Gwalia Ltd v Margaretic [2007] HCA 1; (2007) 81 ALJR 525
PARTIES : Peter Murray Walker and Steven John Sherman - Applicants
FILE NUMBER(S) : SC 3610/02
COUNSEL : Mr B A J Coles QC - Applicants
SOLICITORS : Clayton Utz - Applicants
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