In the matter of C2C Investments Pty Limited (No 9) [2013] NSWSC 269

Supreme Court New South Wales

Medium Neutral Citation: In the matter of C2C Investments Pty Limited (No 9) [2013] NSWSC 269 Hearing dates: 28 February 2013 Decision date: 28 February 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: The Defendant wound up with specified orders. Catchwords: CORPORATIONS - Winding up - Winding up in insolvency - Application for an order that the defendant be wound up under s 459P Corporations Act 2001 (Cth) - Application for winding up by a creditor substituted under s 465B - Whether statutory presumption of insolvency applies. Legislation Cited: - Corporations Act 2001 (Cth) ss 459P, 459S, 465A, 465B, 561(1)(k) Corporations Regulations 2001 (Cth) reg 5.4.01A Supreme Court (Corporations) Rules 1999 (NSW) Cases Cited: - Australian Securities and Investments Commission v Lanepoint Enterprises Pty Ltd (recs and mgrs apptd) [2011] HCA 18; (2011) 244 CLR 1; (2011) 83 ACSR 126 - Bibby Financial Services Australia Pty Ltd v Wolf Industries Pty Ltd [2004] NSWSC 134; (2004) 49 ACSR 45 Texts Cited: - F. Assaf, Statutory Demands and Winding Up in Insolvency - 2nd ed Category: Principal judgment Parties: Commonwealth Bank of Australia (Plaintiff/Respondent) C2C Investments Pty Limited (Defendant/Applicant) Representation: Counsel: P. Newton/A. Kaufmann (Plaintiff/Respondent) S.A. Benson (Defendant/Applicant) Solicitors: Gadens Lawyers (Plaintiff/Respondent) Platinum Lawyers (Defendant/Applicant) File Number(s): 2012/62000