In the matter of SNL Group Pty Ltd (in liq); Su v SNL Group Pty Ltd (in liq) [2010] NSWSC 797

New South Wales Supreme Court

CITATION : In the matter of SNL Group Pty Ltd (in liq); Su v SNL Group Pty Ltd (in liq) [2010] NSWSC 797

HEARING DATE(S) : 7 and 9 July 2010

JUDGMENT DATE : 21 July 2010

JURISDICTION : Equity Division - Corporations List

JUDGMENT OF : Bergin CJ in Eq

DECISION : Termination of winding up order to be made after completion of certain steps.

CATCHWORDS : CORPORATIONS - Application to terminate winding up - whether debt the subject of the winding up should be paid into Court - EVIDENCE - whether evidence in relation to debt admissible - admissible on: (1) explanation of general background and circumstances leading to winding up - and (2) application to pay money into Court.

LEGISLATION CITED : Corporations Act 2001 (Cth) Companies Act 1961 (Qld)

Anderson v Palmer [2002] NSWSC 192 Brolrik Pty Ltd v Sambah Holdings Pty Limited (2001) 40 ACSR 361 CMA Corporation Ltd v SNL Group Pty Ltd [2009] NSWSC 1452 Deputy Commissioner of Taxation v Northview Developments Pty Ltd (in liq) [2005] FCA 1825 CASES CITED : Dubolo Pty Ltd (t/as Fender Signs) v Codrington Investment Corporation Pty Ltd (1998) 26 ACSR 723 Modena Imports Pty Ltd (in liq), In the matter of; Leveraged Capital Pty Ltd (R&M app) (in liq) v Modena Imports Pty Ltd (in liq) [2010] NSWSC 739 Owners Strata Plan 70294 v LNL Global Enterprises Pty Ltd and Ors (2006) 60 ACSR 646 Re Warbler Pty Ltd (1982) 6 ACLR 526 Von Risefer v Mainfreight International Pty Ltd (2009) 73 ACSR 427

Wen Wu Su (First Applicant) PARTIES : Bei Lu (Second Applicant) SNL Group Pty Ltd (ACN 103 679 527) (in liq) (Respondent) CMA Corporation Limited / CMA Peakmore Pte Limited