In the matter of Aquaqueen International Pty Ltd [2014] NSWSC 1645

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Aquaqueen International Pty Ltd [2014] NSWSC 1645 Hearing dates: 10 and 21 October 2014 Decision date: 20 November 2014 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Orders made that the defendant be wound up, for the appointment of a liquidator to the defendant and for plaintiffs' costs of the application (including any reserved costs as agreed, assessed or otherwise fixed by the Court) be reimbursed in accordance with Corporations Act 2001 (Cth) s 466(2). Liberty reserved to plaintiffs to bring such further application as they may be advised in respect of any liability of director of defendant as to costs or any application for a gross sum costs order. Catchwords: CORPORATIONS - winding up - winding up in insolvency on application of substituted creditors - where there has been non-compliance by company with creditor's statutory demand - presumption of insolvency - whether company has rebutted presumption of insolvency - whether company should be wound up. Legislation Cited: - Civil Procedure Act 2005 (NSW) ss 56, 57, 58, 59, 60, 98 - Companies (New South Wales) Code s 364 - Corporations Act 2001 (Cth) ss 95A, 95A(1), 95A(2), 459A, 459P, 459R, 465A, 465B, 466(2), 470, 588FE - Evidence Act 1995 (NSW) s 136 - Legal Profession Act 2004 (NSW) Cases Cited: - Al Raeid v Minister for Immigration & Multicultural Affairs [2000] FCA 1357 - Australian Securities and Investments Commission v Lanepoint Enterprises Pty Ltd (recs and mgrs apptd) [2011] HCA 18; (2011) 244 CLR 1 - Australian Securities and Investments Commission v Plymin (No 1) [2003] VSC 123; (2003) 175 FLR 124 - Bentley Smythe Pty Ltd v Anton Fabrications (NSW) Pty Ltd [2011] NSWSC 186; (2011) 248 FLR 384 - Bull v Lee (No 2) [2009] NSWCA 362 - Carr v Finance Corp of Australia Ltd (No 1) [1981] HCA 20; (1981) 147 CLR 246 - DMK Building Materials Pty Ltd v CB Baker Timbers Pty Ltd (1985) 2 NSWLR 711; 10 ACLR 16 - Earthwave Corporation Pty Ltd v Starcom Group Pty Ltd [2011] NSWSC 694 - First Strategic Development Corporation Ltd (in liq) v Chen & Ors [2014] QSC 60 - International Cat Manufacturing Pty Ltd (in liq) v Rodrica [2013] QCA 372; (2013) 97 ACSR 200 - Jackson v Conway [2000] FCA 1530 - Lewis v Doran [2005] NSWCA 243; (2005) 219 ALR 555 - Notaras v Waverley Council [2007] NSWCA 333 - Re C2C Investments Pty Ltd [2012] NSWSC 1443; (2012) 92 ACSR 266 - Re LJAC Energy Pty Ltd (in liq) [2013] NSWSC 1231 - Turco & Co Pty Ltd v Pendella Holdings Pty Ltd [2010] FCA 213 - Williams v Scholz [2008] QCA 94 Category: Principal judgment Parties: Titan National Pty Ltd and Kathryn Wood-Weber (Plaintiffs) Aquaqueen International Pty Ltd (Defendant) Representation: Counsel: Ms C Perry (Solicitor) (Plaintiffs) Ms S Penson (in person) (Defendant) Solicitors: Pure Legal (Plaintiffs) File Number(s): 2013/297134