Wily v King [2010] NSWSC 352

New South Wales Supreme Court

CITATION : Wily v King [2010] NSWSC 352

HEARING DATE(S) : 12/04/10 Written submissions: 19/04/10

JUDGMENT DATE : 29 April 2010

Equity Division JURISDICTION : Corporations List

Corporations List

JUDGMENT OF : Barrett J

DECISION : Application for default judgment dismissed

CATCHWORDS : CORPORATIONS - winding up - conduct and incidents of winding up - alleged insolvent trading by directors - action by liquidator against directors to recover as a debt due to the company loss or damage suffered by creditors - nature and incidents of statutory cause of action - whether action "for a debt or liquidated claim" - PROCEDURE - default judgment - judgment in default of defence - available where proceedings commenced by statement of claim - proceedings required to be commenced by originating process in fact commenced by statement of claim - whether default judgment procedure attracted

Corporations Act 2001 (Cth),ss 446A, 588FF, 588G(2), (3), 588M(1), (2) LEGISLATION CITED : Supreme Court (Corporations) Rules 1999, rule 1.3(1)(a), (2), 2,2(1), (3), 2.9(1) Uniform Civil Procedure Rules 2005, Part 16, rules 17.3, 17.4

CATEGORY : Principal judgment

Charles v Shepherd [1892] 2 QB 622 Cooper (as liquidator of Wanted World Wide (Australia) Ltd v Commissioner of Taxation [2004] FCA 1063; (2004) 139 FCR 205 Dean-Willcocks (as liquidator of SJP Formwork (NSW) Pty Ltd) v Commissioner of Taxation (No 2) [2004] NSWSC 286; (2004) 49 ACSR 325 CASES CITED : Hall (as liquidator of Reynolds Vineyards Pty Ltd) [2004] NSWSC 950; (2004) 51 ACSR 169 Re Harris Scarfe Ltd; Dwyer v R-Jay Pty Ltd [2007] SASC 115; (2007) 97 SASR 377 Termijtelen v Van Arkel [1974] 1 NSWLR 525 Young v Commissioner of Taxation [2006] FCA 90; (2006) 56 ACSR 654