In the matter of Kirby Street (Holding) Pty Limited [2011] NSWSC 1536

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Kirby Street (Holding) Pty Limited [2011] NSWSC 1536 Hearing dates: 12 October 2011 and written submissions of 21 October 2011, 15 November 2011 and 28 November 2011 Decision date: 14 December 2011 Jurisdiction: Equity Division - Corporations List Before: Barrett J Decision: The plaintiff liquidator is to file by delivery to my associate short minutes determining that the group consisting of the forty companies named at paragraph 5 of reasons for judgment published on 14 December 2011 is a pooled group for the purposes of s 579E of the Corporations Act 2001 (Cth), together with such additional orders consistent with the discussion under the heading "Ancillary orders" in those reasons as the plaintiff liquidator wishes the court to make. Catchwords: CORPORATIONS - winding up - pooling - liquidator of forty companies seeks pooling order - whether statutory criteria for pooling satisfied- whether just and equitable that the liquidations should be pooled - whether ancillary orders should be made Legislation Cited: Corporations Act 2001 (Cth), Part 5.3A, Part 5.6, Division 8, Subdivisions B and C, ss 341(1), 447A, 539, 548A, 579E, 579G, 579J, 579Q Corporations Amendment (Insolvency) Bill, 2007 (Cth), Explanatory Statement Corporations Regulations 2001 (Cth), regulation 5.6.73 Trading (Allowable Hours) Act 1990 (Qld) Cases Cited: Allen v Feather Products Pty Ltd [2008] NSWSC 259; (2008) 72 NSWLR 597 Australian Softwood Forests Pty Ltd v Attorney-General (NSW) [1981] HCA 49; (1981) 148 CLR 121 Clowes v Federal Commissioner of Taxation [1954] HCA 10; (1954) 91 CLR 209 Commissioners of Inland Revenue v Korean Syndicate Ltd [1921] 3 KB 258 Honest Remark Pty Ltd v Allstate Explorations NL [2006] NSWSC 735; (2006) 58 ACSR 234 Loxton v Moir [1914] HCA 89; (1914) 18 CLR 360 Newcastle City Council v Royal Newcastle Hospital [1959] AC 248 Premier Automatic Ticket Issuers Ltd v Federal Commissioner of Taxation (1933) 50 CLR 268 R v McMahon; Ex parte Darvall [1982] HCA 56; (1982) 151 CLR 57 R v Toohey; Ex parte Menelong Station Pty Ltd [1982] HCA 69; (1982) 158 CLR 327 Re Australian Hotel Acquisition Ltd [2011] NSWSC 1374 Stephenson v State Bank of New South Wales (1996) 39 NSWLR 101 Category: Principal judgment Parties: David John Frank Lombe - Plaintiff Representation: Mr M B Oakes SC - Plaintiffs Freehills File Number(s): 2011/00297593