In the matter of PILT Nominees Pty Ltd - Londish v Seller & ors [2011] NSWSC 74

Supreme Court New South Wales

Medium Neutral Citation: In the matter of PILT Nominees Pty Ltd - Londish v Seller & ors [2011] NSWSC 74 Hearing dates: 1 & 2 February 2011 Decision date: 24 February 2011 Jurisdiction: Equity Division - Corporations List Before: Ward J Decision: Orders made on 2 February 2011 dismissing applications for the setting aside of judicial advice and repayment of monies. Order made 24 February 2011 dismissing third and fourth interlocutory processes and amended originating process against eighth, eleventh and twelfth defendants Catchwords: JUDICIAL ADVICE - application by plaintiff to set aside judicial advice for material non-disclosure and for repayment of trust funds paid out to trustees in reliance on such judicial advice - claim by defendants for variation of injunction to permit payment out of costs in accordance with judicial advice - HELD - application to set aside judicial advice dismissed - injunction varied - CORPORATIONS - application to declare invalid winding up resolution of company invalid or, in the alternative, to terminate winding up pursuant to s 482 Corporations Act 2001 - application for leave to commence a derivative suit against the defendant - HELD - dismiss applications re alleged invalidity of winding up resolution - leave to commence a derivative suit refused - PROCEDURE - whether issue estoppel or Anshun estoppel - HELD - issue estoppel and Anshun estoppel established Legislation Cited: Corporations Act 2001 (Cth) Taxation Administration Act 1953 (Cth) Trustee Act 1925 (NSW) Cases Cited: Agricultural & Rural Finance v Atkinson [2010] NSWSC 1396 Avanes v Marshall [2007] NSWSC 191 Bidald Consulting Pty Ltd v Miles Special Builders Pty Ltd [2005] NSWSC 1235 (2005) 226 ALR 510 Blair & Perpetual Trustee Co Ltd v Curran (Adam's will) (1939) 62 CLR 464 Cadima Express Pty Ltd (in liq) v Deputy Commissioner of Taxation (1999) 157 FLR 424 Carpenter v Pioneer Park Pty Ltd (2008) 71 NSWLR 577 Chahwan v Euphoric Pty Ltd [2008] NSWCA 52; (2008) 65 ACSR 661 Champerslife Pty Ltd v Manojlovski & Anor [2010] NSWCA 33 Charben Haulage Pty Ltd (in liq) V Beilby (t/as Costello) [2010] NSWSC 510 Charlton v Baber 47 ACSR 31 Cuthbertson v Hobart Corporation (1921) 30 CLR DCT v Lencal Excavations Pty Ltd [2004] NSWSC 783 DCT v Sydney Concrete Steel Fixing Pty Ltd (1999) 17 ACLC 972 Dubolo Pty Ltd v Codrington Investment Corporation Pty Ltd (1998) 26 ACSR 723 Ehsman v Nutectime Int'l Pty Ltd [2006] NSWSC 887; (2006) 58 ACSR 705 Fidelitas Shipping Co Ltd v V/O Exportchleb [1966] 1 QB 630 Fiduciary Ltd v Morningstar Research Pty Ltd [2005] NSWSC 442; (2005) 53 ACSR 732 Gamser v Nominal Defendant (1977) 136 CLR 145 Garrard (T/as Arthur Anderson & Co and ors v Email Furniture Pty Ltd (1993) 32 NSWLR 662 Goozee v Graphic World Group Holdings Pty Ltd [2002] NSWSC 640; (2002) 42 ACSR 534 GT Motor Inns Pty Ltd and Re (1980) 4 ACLR 881 Hargrave v Schumann, unreported 17 November 2010 Henderson v Henderson (1843) 3 Hare 100 HFGC Nominees (No. 2) v Hancock as Liquidator of 246 Arabella Investments Pty Ltd (in liq) [2010] FCA 1005 In the matter of PILT Nominees Pty Limited & Anor, no. 2909/2009, unreported Ling v The Commonwealth (1996) 68 FCR 180 Londish v Sheahan & Ors - In re Valofo Pty Ltd [2010] NSWSC 337 Macedonian Orthodox Community Church v His Eminence Petar Diocesan Bishop of Macedonian Orthodox Diocese of Aust & NZ (2008) 237 CLR 66 Maher v Honeysett & Maher Electrical Contractors Pty Ltd [2005] NSWSC 859 Mercy & Sons Pty Ltd v Wanari Pty Ltd (subject to deed of company arrangement) (in liq), [2000] NSWSC 756 Metledge v Bambakit Pty Ltd (in liq) [2005] NSWSC 160 Murphy v Abi-Saab (1995) 37 NSWLR 280 P&O Nedlloyd BV v Arab Metals Co & ors (No 2) [2006] EWCA Civ 1717 Permewan Wright Consolidated v A.G. (1978) 35 NSWLR 365 Philip Morris v Adam P Brown Males Fashions Pty Ltd (1980) 31 ALR 232 Prendergast v Rolcoss (in liq) [2008] NSWSC 146 Ragless v IPA Holdings Pty Ltd (in liq) [2008] SASC 90; (2008) 65 ACSR 700 Re Data Homes Pty Ltd [1972] 2 NSWLR 22 Re Elvi Pty Ltd; Re Fullin Enterprises Pty Ltd (1983) 1 ACLC 910 Re Warbler Pty Ltd (1982) 6 ACLR 526 Swansson v RA Pratt Properties Pty Ltd [2002] NSWSC 583; (2002) 42 ACSR 313 Thoday v Thoday [1964] P 181; [1964] 1 All ER 341, [1964] 2 WLR 371 Thomas A Edison Ltd v Bullock (1912) 15 CLR 679 Zavodnyik v Alex Constructions Pty Ltd (2005) 67 NSWLR 457 Texts Cited: Spencer Bower, Turner and Handley, The Doctrine of Res Judicata, 3rd edn Category: Procedural and other rulings Parties: Peter Gregory Londish (Plaintiff) Ross Edward Seller (First Defendant) PILT Nominees Pty Ltd (Second Defendant) PILT Managers Pty Ltd (Third Defendant) Baltarna Pty Ltd (Fourth Defendant) Sanabu Pty Ltd (Fifth Defendant) Radio Nominees Pty Ltd (Sixth Defendant) A T Lawyers Pty Ltd (Seventh Defendant) Valofo Pty Ltd (in liq) (Eighth Defendant) Londish Nominees Queensland Pty Ltd (Ninth Defendant) Vesudi Investments Pty Ltd (Tenth Defendant) Ian Russell Lock (Eleventh Defendant) John Sheahan (Twelfth Defendant) Sidney Londish (Thirteenth Defendant) David Charles Bowman (Fourteenth Defendant) Annette Bowman (Fifteenth Defendant) Davlon Management Pty Ltd (Sixteenth Defendant) Leighford Pty Ltd (Seventeenth Defendant) Seldam Pty Ltd (Eighteenth Defendant) Roticil Pty Ltd (Nineteenth Defendant) Grayworth Pty Ltd (Twentieth Defendant) Tiffany Properties Pty Ltd (Twenty First Defendant) Masalo Pty Ltd (Twenty Second Defendant) Representation: Counsel: C J Bevan (Plaintiff) J E Sexton SC (First, Second & Fourth Defendants F Gleeson SC with D Sulan (Eleventh & Twelfth Defendants) Solicitors: Hartmann & Associates (Plaintiff) Atanaskovic Hartnell (First, Second & Fourth Defendants O'Neill Partners (Eleventh & Twelfth Defendants) PC Evans (Thirteenth & Fourteenth Defendants) File Number(s): 10/326572