Penson v Titan National Pty Ltd [2015] NSWCA 165

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Penson v Titan National Pty Ltd [2015] NSWCA 165 Hearing dates: 5 June 2015 Date of orders: 05 June 2015 Decision date: 05 June 2015 Before: Ward JA at [1] and [48]; Leeming JA at [47] Decision: 1. Further amended summons seeking leave to appeal be dismissed with costs. 2. Costs be assessed on a lump sum basis at $8,000. Catchwords: APPEAL – applications for leave to appeal from judgment or order for winding up of corporation and from subsequent interlocutory decision – applicant an officer of the company – company in liquidation – whether error warranting appellate intervention demonstrated.

CORPORATIONS LAW – meaning of determined in s 459R of the Corporations Act – whether winding up application determined when order pronounced or when, following discharge of a stay of that order, order takes effect. Legislation Cited: Bankruptcy Act 1966 (Cth) Civil Procedure Act 2005 (NSW), s 56 Corporations Act 2001 (Cth), ss 459, 465, 471, 482 Federal Court of Australia Act 1976 (Cth), s 24 Federal Court Rules 2011 (Cth), r 36.03 Supreme Court Act 1970, s 101(2)(e), s 101(2)(n) Uniform Civil Procedure Rules, r 36 Cases Cited: Adams v Lambert [2006] FCA 623 Aquaqueen International Pty Ltd v Titan National Pty Ltd [2015] NSWCA 9 Binetter v Commissioner of Taxation [2011] FCA 1195. Carolan v AMF Bowling Pty Ltd t/as Bennetts Green Bowl [1995] NSWCA 69 Collier v Lancer (No 2) [2013] NSWCA 186 House v The King [1936] HCA 40; (1936) 55 CLR 499 In the matter of Aquaqueen International Pty Ltd [2014] NSWSC 1645 In the matter of Aquaqueen International Pty Ltd [2015] NSWSC 212 Jaycar Pty Limited v Lombardo [2011] NSWCA 284 Lavin v Toppi [2015] HCA 4; 89 ALJR 305 Micallef v ICI Australia Operations Pty Ltd [2001] NSWCA 274 Queensland Mining Corporation Ltd v Renshaw (No 2) [2014] FCA 438 Young v Hones (No 2) [2014] NSWCA 338 Category: Principal judgment Parties: Shirley Penson (Applicant) Titan National Pty Ltd (First Respondent) Kathryn Wood Weber (Second Respondent) Aquaqueen International Pty Ltd (in liquidation) (Third Respondent) Representation: Counsel: J Johnson (Applicant) C Perry (solicitor) (First and Second Respondents) Aquaqueen International Pty Ltd (in liquidation) (submitting appearance)