NSW Caselaw
New South Wales Supreme Court
CITATION : Gematech Pty Ltd v Bardi Investments Pty Ltd [2008] NSWSC 196
HEARING DATE(S) : 4 & 18 February 2008
JUDGMENT DATE : 29 February 2008
JUDGMENT OF : Hammerschlag J
DECISION : The application to terminate the winding up of Bardi Investments Pty Ltd (in liquidation) ACN 000 554 021 refused
CATCHWORDS : CORPORATIONS – Application for termination of winding up under s 482 of the Corporations Act 2001 (Cth) – Winding up proceedings instituted after applicant failed to either contest or comply with statutory demand – Winding up proceedings not contested by applicant as a result of legal and accounting advice received – Whether solvency established – Consideration of whether termination should be ordered having regard to public interest and commercial morality – Relief refused
LEGISLATION CITED : Corporations Act 2001 (Cth)
Re Telescriptor Syndicate Ltd [1903] 2 Ch. 174 Re Mascot Home Furnishers Pty Ltd [1970] VR 593 Re Data Homes Pty Ltd [1972] 2 NSWLR 22 Re Warbler Pty Ltd (1982) 6 ACLR 526 Dubolo Pty Ltd v Codrington Investment Corporation Pty (1998) 26 ACSR 723 Re Intag International Ltd (in Liq) Westpac Banking Corp v Intag International Limited [1999] NSWSC 645 Mercy & Sons Pty Ltd v Wanari Pty Ltd (2000) 35 ACSR 70 Anderson v Palmer [2002] NSWSC 192 Re Nardell Coal Corporation Pty Ltd (2004) 49 ACSR 110 Deputy Commissioner of Taxation v Biosolids Management Pty Ltd [2004] NSWSC 272 Metledge v Bambakit Pty Ltd (in liq) [2005] NSWSC 160 CASES CITED : McConnochie v Lopez [2006] WASC 206 Deputy Commissioner of Taxation v Giumar Pty Ltd (in liq) [2006] FCA 101 Re The King & I Pty Ltd [2007] FCA 2085 Commonwealth Bank of Australia v Begonia (1993) 11 ACSR 609 Expile Pty Ltd v Jabb's Excavations Pty Ltd (2003) 45 ACSR 711 QBE Workers' Compensation Pty Ltd v P Russell Enterprises Pty Ltd [2005] NSWSC 1128 Re Telescriptor Syndicate Ltd; Re Mascot Home Furnishers Pty Ltd; Re Data Homes Pty Ltd; Re Warbler Pty Ltd Krextile Holdings Pty Ltd v Widdows [1974] VR 689 Chan v Austgrove Enterprises Pty Ltd (in liq) (1993) 12 ACSR 427 TS Recoveries Pty Ltd v Sea-Slip Marinas (Aust) Pty Ltd [2007] NSWSC 1410 Owners Strata Plan 70294 v LNL Global Enterprises Pty Ltd [2006] NSWSC 1386 Sunarto v Zurich Australian Workers Compensation Ltd [2001] NSWSC 422
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