Fisher v Divine Homes Pty Ltd; Allen v Harb [2011] NSWSC 8

Supreme Court New South Wales

Medium Neutral Citation: Fisher v Divine Homes Pty Ltd; Allen v Harb [2011] NSWSC 8 Hearing dates: 2 September 2010 Decision date: 03 February 2011 Jurisdiction: Equity Division - Corporations List Before: Barrett J Decision: Claim under Corporations Act 2001 (Cth), s 588FF(1) dismissed. Order to be made under s 598(2). Catchwords: CORPORATIONS - winding up - insolvent transactions - application by liquidator under s 588FF(1) - need for liquidator to prove insolvency at relevant times - resort by liquidator to s 588E(4) presumption - discussion of matters to be proved to raise presumption - no sufficient proof thereof

CORPORATIONS - winding up - misfeasance summons procedure - proof that company funds paid for director's private purposes and benefit - order for recovery from director with interest to be made Legislation Cited: Corporations Act 2001 (Cth), ss 9, 286(1), (2), 471A, 475, 530A, 588E(4), (6), 588FC. 588FE(1), (4), 588FF(1), 596A. 598(2), (3), 1318(1) Uniform Civil Procedure Rules 2005, rule 36.7 Cases Cited: Commonwealth Bank of Australia v Tabet [2008] VSC 161 Fox v Gadsden [2003] NSWSC 748; (2003) 46 ACSR 713 Sheahan v Londish [2010] NSWCA 270; (2010) 88 ACSR 337 Sims (as liquidator of SSET Construction Pty Ltd) v Khattar [2010] NSWSC 102 Woodgate v Fawcett [2008] NSWSC 868; (2008) 67 SCSR 611 Category: Principal judgment Parties: Brian Hugh Allen as liquidator of Divine Homes Pty Ltd (Plaintiff) Francois Harb (Defendant) Representation: Counsel: Mr A R Reoch (Plaintiff) Mr T J Rickard (Defendant) Solicitors: John Dowling Solicitor Corporation Pty Ltd (Plaintiff) Sabab El Hanania Lawyer (Defendant) File Number(s): 2007/254432