In the matter of Appleyard Capital Pty Limited; 123 Sweden AB v Appleyard Capital Pty Limited [2014] NSWSC 782

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Appleyard Capital Pty Limited; 123 Sweden AB v Appleyard Capital Pty Limited [2014] NSWSC 782 Hearing dates: 29 May 2014 Decision date: 12 June 2014 Jurisdiction: Equity Division - Corporations List Before: Brereton J Decision: Time later than 20 days after date of charge fixed in respect of collateral pursuant to Corporations Act, s 588FM Catchwords: CORPORATIONS - charges, debentures and other borrowings - security interests - registration - extension of time - where doubt as to solvency - relevance of interest of unsecured creditors - whether extension should be granted Legislation Cited: (CTH) Corporations Act 2001, s 588FL, s 588FM Cases Cited: Bevillesta Pty Ltd v Imagine UN Ltd [2009] VSC 50; 69 ACSR 574 Campbell Finance Pty Ltd v Vivstan Packaging (Aust) Pty Ltd (in liq) [1998] 2 VR 340; (1996) 22 ACSR 109 Commercial Banking Co of Sydney Ltd v George Hudson Pty Ltd (1973) 47 ALJR 7323; 2 ALR 1 Douglas-Brown v Standard Chartered Finance Ltd (1990) 2 ACSR 737 Freightlines Northern Territory Pty Ltd (1999) 32 ACSR 573 Hewlett Packard Australia Pty Ltd v GE Capital Finance Pty Ltd [2003] FCAFC 256; (2003) 135 FCR 206; 47 ACSR 589 In re Cardiff Workmen's Cottage Co Ltd [1906] 2 Ch 627 In the matter of Apex Gold Pty Ltd [2013] NSWSC 881 In the matter of Black Opal IP Pty Limited [2013] NSWSC 1225 In the Matter of Cardinia Nominees Pty Ltd [2013] NSWSC 32 Investa Properties Pty Limited v Westpac Property Funds Management Limited [2001] NSWSC 1089 Re a Limited Company (1928) 28 SR (NSW) 364 Re Cinema Art Films [1930] NZLR 500 Re Dalgety & Co [1928] NZLR 731 Re Ehrmann Bros Ltd [1906] 2 Ch 697 Re Dudley Engineering Pty Ltd [1968] 1 NSWR 483 Re Flinders Trading Co Pty Ltd (1978) 3 ACLR 218 Re Guardian Securities Ltd [1984] 1 NSWLR 95 Re Jack Harris Ltd [1977] 1 NZLR 141 Re Joplin Brewery Co Ltd [1902] 1 Ch 79 Re Kris Cruisers Ltd [1949] 1 Ch 138 Re L H Charles & Co Ltd (1935) WN (Eng) 15 Sanwa Australia Finance Ltd v Ground-Breakers Pty Ltd (in liq) [1991] 2 Qd R 456; (1990) 2 ACSR 692 Category: Principal judgment Parties: 123 Sweden AB (plaintiff) Appleyard Capital Pty Limited (defendant) Representation: Counsel: A Abadee (plaintiff) Ex parte Solicitors: Rouse Lawyers (plaintiff) File Number(s): 14/ 175007