In the matter of The Hi-Fi Sydney Pty Ltd (admin apptd) [2015] NSWSC 781

Supreme Court New South Wales

Medium Neutral Citation: In the matter of The Hi-Fi Sydney Pty Ltd (admin apptd) [2015] NSWSC 781 Hearing dates: 15 June 2015 Decision date: 15 June 2015 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Order for extension of time to execute deed of company arrangement not made. Catchwords: CORPORATIONS – voluntary administration – deed of company arrangement –whether order should be made extending time to execute deed of company arrangement until after the hearing of proceedings in respect of leased premises. Legislation Cited: - Conveyancing Act 1919 (NSW) s 129 - Corporations Act 2001 (Cth) Pt 5.3A, ss 436C, 440B, 444B, 444B(2), 444C(2), 444F, 444F(5) - Personal Property Securities Act 2009 (Cth) Cases Cited: - Cvitanovic v Jolly Roger Exports Pty Ltd [2003] NSWSC 729 - Mentha v Sydney Airports Corporation Ltd [2002] FCA 530; (2002) 120 FCR 310 - Re Sydney Ringtread Tyres Pty Ltd (admin apptd) [2001] NSWSC 424; (2001) 38 ACSR 221 - Stout & Scales (in their capacity as joint administrators of Java 452 Pty Ltd) v Permanent Trustee Australia Ltd (as trustee of Advance Property Fund) [1998] VSCA 168 - Strazdins v Birch Carroll & Coyle Ltd [2009] FCA 731; (2009) 178 FCR 300 Category: Procedural and other rulings Parties: Carsingha Investments Pty Ltd (Plaintiff) The Hi-Fi Sydney Pty Ltd (admin apptd) (First Defendant) Simon Patrick Nelson (Second Defendant) Representation: Counsel: D Sulan (Plaintiff/Respondent) J Shepard (Defendants/Applicants) A Bihancov (solicitor – Karamika Pty Ltd – Third Defendant)