In the matter of NA Investment Holdings Pty Ltd - Perpetual Nominee Ltd v NA Investment Holdings Pty Ltd [2011] NSWSC 282

Supreme Court New South Wales

Medium Neutral Citation: In the matter of NA Investment Holdings Pty Ltd - Perpetual Nominee Ltd v NA Investment Holdings Pty Ltd [2011] NSWSC 282 Hearing dates: 21 March 2011 Decision date: 07 April 2011 Before: Ward J Decision: Order winding up company in insolvency Catchwords: CORPORATIONS - application by Perpetual Nominees for the winding up of NA Investment in insolvency pursuant to s 459P of the Corporations Act 2001 (Cth) - application by NA Investment for leave under s 459S to oppose winding up application on ground that it relied on and/or it could have relied on for application to set aside statutory demand under s 459G - HELD - application for leave under s 459S dismissed - s 459S(2) not satisfied - order winding up NA Investment in insolvency Legislation Cited: Corporations Act 2001 (Cth) Supreme Court Act 1970 (NSW) Cases Cited: Ace Contractors & Staff Pty Ltd v Westgarth Development Pty Ltd [1999] FCA 728 Bloemen v Commonwealth (1975) 49 ALJR 219 Braams Group Pty Ltd v Miric (2002) 44 ACSR 124 Champerslife Pty Ltd v Manojlovski & Anor [2010] NSWCA 33 Chief Commissioner of Stamp Duties v Paliflex Pty Ltd [1999] NSWSC 15; (1999) 149 FLR 179 Crema (Vic) Pty Ltd v Land Mark Property Developments (Vic) Pty Ltd [2006] VSC 338; (2006) 58 ACSR 631; 24 ACLC 889 DAG International Pty Ltd v DAG International Group [2005] NSWSC 1036 Dairy Farmers Co-op Ltd v Azar (1990) 170 CLR 293 Expile Pty Ltd v Jabb's Excavations Pty Ltd [2003] NSWCA 163; (2003) 45 ACSR 711; 21 ACLC 1354 Grant Thornton Services (NSW) Pty Ltd v St George Wholesale Distributors Pty Ltd [2008] FCA 1777 Guardian Group Australia Pty Ltd v Alice Lu and Anor [2005] NSWSC 1299 HVAC Construction (Qld) Pty Ltd v Energy Equipment Engineering Pty Ltd (2002) 44 ACSR 169 Lechmere Financial Corp v Aspermont Ltd [2003] FCA 1138 Master Paving Pty Ltd v Heading Contractors Pty Ltd (1997) 193 LSJS 1; 15 ACLC 1025 NA Investment Holdings Pty Ltd v Perpetual Nominees Ltd [2010] NSWSC 248 NA Investments Holdings Pty Limited v Perpetual Nominees Limited [2010] NSWCA 210 O'Brien v Komesaroff (1982) 150 CLR 310 Perpetual Nominees Ltd v Masri Apartments Pty Ltd [2004] NSWSC 551; (2004) 49 ACSR 719 Port of Melbourne Authority v Anshun (1981) 147 CLR 589 Sindea Trading Co Pty Ltd v Asia Pacific Glass Pty Ltd [2003] QSC 460 Suttor v Gundowda Pty Ltd (1950) 81 CLR 418 Switz Pty Ltd v Glowbind Pty Ltd; Glowbind Pty Ltd v Switz Pty Ltd [2000] NSWCA 37 Texel Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 298; (1993) 11 ACSR 535 Topfelt Pty Ltd v State Bank of New South Wales Ltd (1993) 47 FCR 226; 12 ACSR 381 University of Wollongong v Metwally (1985) 60 ALR 68 Willard King Organisation (1978) Pty Ltd v CT Franchises Pty Ltd [2009] NSWSC 97; (2009) 69 ACSR 612 Texts Cited: Austin & Black's Annotations to the Corporations Act Ford's Principles of Corporations Law Category: Principal judgment Parties: Perpetual Nominee Ltd (Plaintiff/Respondent) NA Investments Holdings Pty Ltd (Defendant/Applicant) Representation: Counsel: R Marshall with J Hyde-Page (Plaintiff/Respondent) M Sahade (Defendant/Applicant) Solicitors: Middletons (Plaintiff/Respondent) File Number(s): 10/391472