Plumbers Supplies Co-operative Limited v Firedam Civil Engineering Pty Limited [2011] NSWSC 325

Supreme Court New South Wales

Medium Neutral Citation: Plumbers Supplies Co-operative Limited v Firedam Civil Engineering Pty Limited [2011] NSWSC 325 Hearing dates: 7 April 2011 Decision date: 20 April 2011 Jurisdiction: Equity Division - Corporations List Before: Barrett J Decision: The amended originating process is dismissed. The question of costs is reserved Catchwords: CORPORATIONS - winding up - pending application for winding up in insolvency - subsequent Part 5.3A administration results in resolution of creditors that the defendant be wound up - CORPORATIONS - voluntary administration - second meeting of creditors - resolution for winding up passed on the casting vote of the administrator as chairperson - plaintiff seeks an order setting aside that resolution and an order that the administration end - consideration of factors taken into account by administrator in deciding how to exercise casting vote - whether administrator proceeded in any inappropriate way - held not - proceedings dismissed - observation on inapplicability of recent New Zealand authority to the Australian legislation Legislation Cited: Corporations Act 2001 (Cth), Part 5.3A, ss 446A, 447A, 513C, 588FE, 588FF, 600B Corporations Regulations 2001(Cth), reg 5.6.21 Supreme Court (Corporations) Rules 1999, rule 2.13 Cases Cited: Ausino International Pty Ltd v Apex Sports Pty Ltd [2007] NSWSC 327; (2007) 61 ACSR 532 Commissioner of Inland Revenue v Grant [2010] NZHC 755 Deputy Commissioner of Taxation v Wellnora Pty Ltd [2007] FCA 1234; (2007) 163 FCR 232 Global Realty Development Corporation v Dominion Wines Ltd [2005] NSWSC 1221; (2005) 56 ACSR 474 Kirwan v Cresvale Far East Ltd [2002] NSWCA 395; (2002) 44 ACSR 21 National Australia Bank Ltd v Tolcher [2003] NSWSC 207; (2003) 44 ACSR 727 Re Octaviar Ltd (formerly MFS Ltd) [2008] QSC 216 Young v Sherman [2002] NSWCA 281; (2002) 170 FLR 86 Category: Principal judgment Parties: Plumbers Supplies Co-operative Limited - Plaintiff Firedam Civil Engineering Pty Limited - Defendant Representation: Counsel: Mr S L Bell - Plaintiff Ms S Stojanovski - Liquidator of Defendant Mr J T Johnson - Old Bawn Pty Ltd - Creditor Ms P A Conway - Coates Hire Pty Ltd - Creditor Solicitors: S R Law - Plaintiff Gillis Delaney - Liquidator Moray & Agnew - Old Bawn Pty Ltd Oliveri Lawyers - Coates Hire Pty Ltd File Number(s): 2009/298811