In the matter of JTS Property & Investments No. 1 Pty Ltd ACN 113 271 426 (In Liquidation) and JTS Property & Investments No. 2 Pty Ltd ACN 113 271 408 (In Liquidation) [2011] NSWSC 1210

Supreme Court New South Wales

Medium Neutral Citation: In the matter of JTS Property & Investments No. 1 Pty Ltd ACN 113 271 426 (In Liquidation) and JTS Property & Investments No. 2 Pty Ltd ACN 113 271 408 (In Liquidation) [2011] NSWSC 1210 Hearing dates: 10 October 2011 Decision date: 13 October 2011 Jurisdiction: Equity Division - Corporations List Before: Ball J Decision: See paragraph 1 of this judgment. Catchwords: CORPORATIONS - winding up by the court - application by liquidator under s 479(3) for directions from the court - directions made regarding shareholding and creditors of company in liquidation Legislation Cited: Australian Securities and Investments Commission Act 2001 (Cth) Corporations Act 2001 (Cth) Cases Cited: JTS Property & Investments No 1 Pty Ltd (In Liq) v Sadri [2010] NSWSC 1384 Re United Medical Protection of Queensland [2004] NSWSC 14 Sons of Gwalia Ltd v Margaretic [2007] HCA 1; 231 CLR 160 Category: Procedural and other rulings Parties: Michael John Morris Smith in his capacity as Liquidator of JTS Property & Investments No. 1 Pty Ltd (In Liquidation) and JTS Property & Investments No. 2 Pty Ltd (In Liquidation) (Applicant) JTS Property & Investments No. 1 Pty Ltd ACN 113 271 426 (In Liquidation) and JTS Property & Investments No. 2 Pty Ltd ACN 113 271 408 (In Liquidation) (Respondents) Representation: Mr A P Spencer (Applicant) No Appearance (Respondent) Gillis Delaney Lawyers (Applicant) No Appearance (Respondent) File Number(s): 2006/257510