NSW Caselaw
Reported Decision : 79 ACSR 330
New South Wales Supreme Court
CITATION : Vero Insurance Ltd v Kassem [2010] NSWSC 838
HEARING DATE(S) : 22/06/10, 23/06/10
JUDGMENT DATE : 30 July 2010
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Short minutes to be brought in.
CATCHWORDS : CORPORATIONS - voluntary administration - meeting of creditors - party with unliquidated equitable claim - whether creditor for voting purposes - need for "just estimate" of amount of claim - where the party's assertion of right to recover is contradicted by solicitors' letter saying claim not maintainable - "just estimate" can be nominal only - function of chairperson in making "just estimate" - adjournment of meeting - where chairperson finds proxy invalid - whether chairperson should have adjourned meeting to give opportunity to repair proxy - no unilateral power of chairperson to adjourn - proxies - proxy purportedly given by company signed by person designated "executive manager" - chairperson given nothing to show actual authority of "executive manager" - manner of execution not attracting entitlement to make statutory assumptions - proxy correctly rejected
Corporations Act 2001 (Cth), Part 5.3A, ss 127, 128, 129(5), 250D, 439A, 439B, 445D, 1321 LEGISLATION CITED : Corporations Regulations 2001 (Cth), Schedule 2, Form 532, regulations 5.6.18(1) and (2), 5.6.21(1), 5.6.21(2), 5.6.21(4), 5.6.23, 5.6.26(1), 5.6.28, 5.6.29 Home Building Act 1989, s 18E
CATEGORY : Principal judgment
Australian Beverage Distributors Pty Ltd v Evans & Tate Premium Wines Pty Ltd [2006] NSWSC 560; (2006) 58 ACSR 22 Byng v London Life Association Ltd [1990] Ch 170 Campbell v Australian Mutual Provident Society (1906) 7 SR (NSW) 99 Colonial Gold Reef Ltd v Free State Rand Ltd [1914] 1 Ch 382 McKerlie v Drillsearch Energy Ltd [2009] NSWSC 488; (2009) 74 NSWLR 673 Re Bosnjak Holdings Pty Ltd [2005] NSWSC 527; (2005) 23 ACLC 1285 CASES CITED : Re John L O'Brien Consolidated Industries Pty Ltd (1975) 1 ACLR 311 Re NRMA Ltd [2000] NSWSC 82; (2000) 33 ACSR 594 Re Vouris; Epromotions Australia Pty Ltd v Relectronic-Remech Pty Ltd [2003] NSWSC 702; (2003) 177 FLR 289 Salisbury Gold Mining Co Ltd v Hathorn [1897] AC 268 Selim v McGrath [2003] NSWSC 927; (2003) 47 ACSR 537 Stoughton v Reynolds (1735) 2 Stra 1045; 93 ER 1023 Vero Insurance Ltd v Nicejade Pty Ltd [2010] NSWSC 556
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