Liberty Industrial Pty Limited v Donald Mcarthy Trading Australia Pty Limited [2013] NSWSC 443

Supreme Court New South Wales

Medium Neutral Citation: Liberty Industrial Pty Limited v Donald Mcarthy Trading Australia Pty Limited [2013] NSWSC 443 Hearing dates: 11 April 2013 Decision date: 30 April 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Judgment for the plaintiff for a sum of $1,146,592.36 together with interest. Defendant to pay plaintiff's costs of the proceedings in the amount of $80,770.33 as a priority payment. Parties have liberty to restore. Catchwords: CORPORATIONS - winding up - interest incurred after a winding up under s 100 Civil Procedure Act 2005 (NSW) - whether entitled to prove the amount of interest awarded on the judgment debt. COSTS - orders sought for priority payment under s 556 Corporations Act 2001 (Cth) - whether proper expense of the winding up. Legislation Cited: - Civil Procedure Act 2005 (NSW) ss 56, 100 - Corporations Act 2001 (Cth) ss 477(1)(b), 553, 556, 556(1)(a), 556(1)(dd), 563A, 563B, 563B(1), 563B(2), 563B(3) - Supreme Court Act 1970 (NSW) s 94 Cases Cited: - Foots v Southern Cross Mine Management Pty Ltd [2007] HCA 56; (2007) 234 CLR 52 - Gerah Imports Pty Ltd v Duke Group Ltd (in liq) [2004] SASC 178; (2004) 49 ACSR 660 - Green v Equititrust Ltd (formerly Equiloan Ltd) [2010] NSWSC 1099 - Hungerfords v Walker (1989) 171 CLR 125 - Jeffcott Holdings Ltd (in liq) v Young (1995) 16 ACSR 33 - Lofthouse, in the Matter of Riverside Nursing Care Pty Limited (subject to Deed of Company Arrangement) [2004] FCA 93 - McDonald v Commissioner of Taxation [2005] NSWSC 2; (2005) 187 FLR 461 - McGrath v Sturesteps; Sturesteps v HIH Overseas Holdings Ltd (in liq) [2011] NSWCA 315; (2011) 81 NSWLR 690 - Re Emilico Pty Ltd [2002] NSWSC 1124; (2002) 43 ACSR 536 - Sons of Gwalia Ltd (subject to Deed of Company Arrangement) v Margaretic (2007) 231 CLR 160 Category: Costs Parties: Liberty Industrial Pty Limited (Plaintiff) Donald Mcarthy Trading Australia Pty Limited (Defendant) Representation: Counsel: S. Gray (Plaintiff) J.E. Richards (Defendant) Solicitors: HWL Ebsworths (Plaintiff) Milton Graham Lawyers (Defendant) File Number(s): 2012/259393