Weriton Finance Pty Ltd v P.N.R. Pty Ltd (in Administration) & Anor Australian Residential and Commercial Finance Pty Ltd & Anor [2012] NSWSC 1402

Supreme Court New South Wales

Medium Neutral Citation: Weriton Finance Pty Ltd v P.N.R. Pty Ltd (in Administration) & Anor Australian Residential and Commercial Finance Pty Ltd & Anor [2012] NSWSC 1402 Hearing dates: 14 November 2012 Decision date: 21 November 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Proceedings 2012/284738 dismissed. PNR Pty Ltd (in admin) be wound up. Jamieson Andre Louttit be appointed liquidator of PNR Pty Ltd (in admin). Weriton Finance Pty Ltd pay the costs of proceedings 2012/284738 as agreed or as assessed. Parties to be heard as to costs of proceedings 2012/268787. Catchwords: CORPORATIONS - Creditors meeting - Appeal from decision of administrator - Whether administrator was entitled to admit proof of debt at a value of $1 - Winding up - Application for winding up in insolvency - Winding up application - Application for adjournment of hearing application. Legislation Cited: - Australian Securities and Investments Commission Act 2001 (Cth) s 93AA - Corporations Act 2001 (Cth) s 9, 436A, 439A, 440A(2), 459A, 588FB, 588FD, 588FF, 600A, 1321 - Corporations Regulations 2001 (Cth) regs 5.6.23, 5.6.23(2), 5.6.23(2)(d), 5.6.26(2) - Power of Attorney Act 2003 (NSW) s12 Cases Cited: - Australian Securities and Investments Commission v Storm Financial Ltd (recs and mgrs apptd) (admins apptd) (2009) 71 ACSR 81 - Bacnet Pty Ltd v Lift Capital Partners Pty Ltd (in liq) [2010] FCAFC 36; (2010) 183 FCR 384; 78 ACSR 57 - Bovis Lend Lease Pty Ltd v Wily (2003) 45 ACSR 612 - Creevey v Deputy Commissioner of Taxation (1996) 19 ACSR 456 - Deputy Commissioner of Taxation v Bradley Keeling Management Pty Ltd [2003] NSWSC 47; (2003) 44 ACSR 377 Deputy Commissioner of Taxation v C-Change Cairns Pty Ltd [2011] FCA 1372 Deputy Commissioner of Taxation v Polcarp Pty Ltd [2011] FCA 142 - Kirwan v Cresvale Far East Pty Ltd (in liq) (2002) 44 ACSR 21 - Lubavitch Mazal Pty Ltd v Yeshiva Properties No 1 Pty Ltd (2003) 47 ACSR 197 - McGrath v Sturesteps [2011] NSWCA 315; (2011) 284 ALR 196; 254 FLR 384 - Re Free Wesleyan Church of Tonga in Australia Inc (admin apptd); Phoenix Lacquers & Paints Pty Ltd v Free Wesleyan Church of Tonga in Australia Inc (admin apptd) [2012] 87 ACSR 658 - Re Offshore and Ocean Engineering Pty Ltd [2012] NSWSC 1296 - Offshore and Ocean Engineering Pty Ltd v Greenwich Contractors Pty Ltd [2012] NSWCA 371 - Selim v McGrath (2003) 47 ACSR 537 - Silvia v Brodyn Pty Ltd [2007] NSWCA 55 - Sunstate Orchards Pty Ltd v Citrus Queensland Pty Ltd [2009] FCA 452 - TCS Management Pty Ltd v CTTI Solutions Pty Ltd [2001] NSWSC 830 - Westpac Banking Corporation v Totterdell (1997) 16 ACLC 53 Category: Principal judgment Parties: 2012/284738 Weriton Finance Pty Ltd (Plaintiff) P.N.R. Pty Ltd (in Administration) (First Defendant) Jamieson Andre Louttit (Second Defendant) 2012/268787 Australian Residential & Commercial Finance Pty Ltd (Plaintiff) P.N.R. Pty Limited (administrator appointed) (Defendant) Representation: Counsel: 12/284738 M.W. Young SC (Plaintiff) S.A. Wells (First and Second Defendant) 12/268787 R.K. Newton (Plaintiff) S.A. Wells (Defendant) Solicitors: 12/284738 Bransgroves (Plaintiff) Farrar Lawyers (First and Second Defendants) 12/268787 Townsends (Plaintiff) Farrar Lawyers (Defendant) File Number(s): 12/284738 12/268787