In the matter of Waterfront Investments Group Pty Limited (in liquidation) [2013] NSWSC 1999

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Waterfront Investments Group Pty Limited (in liquidation) [2013] NSWSC 1999 Hearing dates: 8 October 2013 Decision date: 08 October 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Orders made in accordance with consent orders for extension of time for commencement of proceedings. Catchwords: CORPORATIONS - winding up - voidable transactions - application for orders under s 488FF Corporations Act 2001 (Cth) for an extension of the period within which an application may be brought against certain persons in respect of voidable transactions - where parties consent to extending the time for the commencement of proceedings - whether fair and just in all the circumstances to grant the extension. Legislation Cited: - Corporations Act 2001 (Cth) ss 497, 588FB, 588FDA, 588FF, 588FF(1), 588FF(3)(a), 588FF(3)(b), 588FE Cases Cited: - Agricultural and Rural Finance Pty Ltd v Kirk [2011] NSWCA 67; (2011) 82 ACSR 390 - Arnautovic v Nichola [2009] NSWSC 233 - Bowcher (liquidator); Re Meares Nominees Pty Ltd (in liq) [2013] FCA 631 - BP Australia Ltd v Brown [2003] NSWCA 216; (2003) 58 NSWLR 322; (2003) 46 ACSR 677 - New Cap Reinsurance Corp v Reaseguros Alianza SA [2004] NSWSC 787; (2004) 186 FLR 175 - Re Clarecastle Pty Ltd (in liq) [2011] NSWSC 857; (2011) 85 ACSR 260 - Walker v CBA Corporate Services (New South Wales) Pty Ltd [2012] FCA 328; (2012) 88 ACSR 153 Category: Interlocutory applications Parties: John Kukulovski (Plaintiff) Eddy Investments (NSW) Pty Ltd (First Defendant) Edward Ahmajani (Second Defendant) NJ Investments (Aust) Pty Ltd (Third Defendant) Nicole Jammal (Fourth Defendant) Platnum Corporation Pty Ltd (Fifth Defendant) Samir Jammal (Sixth Defendant) Representation: Counsel: D. Sulan (Plaintiff) V. Bedrossian (First to Sixth Defendants) Solicitors: Gillis Delaney Lawyers (Plaintiff) Reuben George Lawyers (Defendants) File Number(s): 2013/193520