Trevan v Trevan & Ors [2010] NSWSC 330

New South Wales Supreme Court

CITATION : Trevan v Trevan & Ors [2010] NSWSC 330

HEARING DATE(S) : 23 and 24 March 2010

JUDGMENT DATE : 27 April 2010

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Palmer J

DECISION : Liquidator's decision reversed.

CATCHWORDS : CORPORATIONS – LIQUIDATION – PROOF OF DEBT – whether liquidator's decision to admit proof of debt should be reversed – whether valid and binding agreement between company and shareholder for buy-back of shares.

LEGISLATION CITED : Corporations Act 2001 (Cth) – s 1321(1) Corporations Law 1996 (Cth) – Pt 2.4, Div 4B, s 206B

CATEGORY : Principal judgment

Robert Warren Trevan (Plaintiff) Jack Harrison Trevan (First Defendant) PARTIES : Ian James Purchase (Second Defendant) R.H. Trevan Pty Ltd (In liq) (Third Defendant) Trevan Car Sales (In liq) (Fourth Defendant) Trevan Auto Service Pty Ltd (In liq) (Fifth Defendant)

FILE NUMBER(S) : SC 2007/256054

L. Tyndall (Plaintiff) COUNSEL : D.J.A. Mackay (First Defendant) J. Baird (Second Defendant – Submitting appearance)

Maxwell & Co (Plaintiff) SOLICITORS : McCartney Young (First Defendant) Shaw Reynolds Bowen & Gerathy (Second Defendant – Submitting appearance filed in Court on 23 March 2010)

2007/256054 Trevan v Trevan & Ors

JUDGMENT

27 April, 2010

Introduction

1 The applicant, Mr Jack Trevan, seeks an order under s 1321(1)(d) Corporations Act 2001 (Cth) reversing the decision of the second defendant, the liquidator of Trevan Car Sales Pty Ltd, made on 20 November 2008 to admit a Proof of Debt lodged by Jack's brother, Mr Robert Trevan.