In the matter of Stoligor Investments Pty Ltd [2012] NSWSC 1096

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Stoligor Investments Pty Ltd [2012] NSWSC 1096 Hearing dates: 30 July and 13 August 2012 Decision date: 13 August 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: The Defendant be wound up. Christopher John Palmer be appointed liquidator of the Defendant. The Defendant to pay Plaintiff's costs of proceedings quantified in the amount of $6,114.80. Orders stayed until 2pm on 28 August 2012. Catchwords: CORPORATIONS - Winding up - Statutory demand - Failure to comply with statutory demand - Corporations Act 2001 (Cth) s 459S - Whether debt claimed is material to proving solvency. Legislation Cited: - Civil Procedure Act 2005 (NSW) s 98(1) - Corporations Act 2001 (Cth) ss 459A, 459F, 459J, 459Q, 459S, 459S(1), 459S(2), 482 - Uniform Civil Procedure Rules 2005 (NSW) rr 7.2, 42.1 Cases Cited: - Barclays Australia (Finance) Pty Ltd v Mike Gaffikin Marine Pty Ltd (1996) 21 ACSR 235 - David Grant & Co Pty Ltd v Westpac Banking Corporation [1995] HCA 43; (1995) 184 CLR 265 - Ewen Stewart & Associates Pty Ltd v Blue Mountains Virtual Air Helitours Pty Ltd [2011] NSWSC 113 - FPM Constructions Pty Ltd v Council of the City of Blue Mountains [2005] NSWCA 340 - Knight v FP Special Assets Ltd [1992] HCA 28; (1992) 174 CLR 178 - May v Christodoulou [2011] NSWCA 75 - Switz Pty Ltd v Glowbind Pty Ltd [2000] NSWCA 37; (2000) 48 NSWLR 661 - Timberland Property Holdings Pty Ltd v Schindler Lifts Australia Pty Ltd [2011] NSWSC 466 - Yates v Boland [2000] FCA 1895 Category: Principal judgment Parties: Tomas Etridge (Plaintiff) Stoligor Investments Pty Ltd (Defendant) Representation: Counsel: B. Fudge (sol) (Plaintiff) I. Stolyar (Director in person) (Defendant) Solicitors: Barrie Fudge & Company (Plaintiff) I. Stolyar (Director in person) (Defendant) File Number(s): 12/157477