Lal v Singh & Ors [2015] NSWSC 1608

Supreme Court New South Wales

Medium Neutral Citation: Lal v Singh & Ors [2015] NSWSC 1608 Hearing dates: 1 October 2015 Decision date: 30 October 2015 Jurisdiction: Equity - Corporations List Before: Black J Decision: Plaintiff's applications for leave to continue proceedings against the Company and for a stay of winding up dismissed. Catchwords: CORPORATIONS – Order sought for leave under s 500(2) of the Corporations Act 2001 (Cth) to proceed with a claim against company in voluntary liquidation – Where claim a simple monetary claim – Whether leave should be granted to bring claim or claimant left to proceed by way of proof of debt

CORPORATIONS – Winding up – Voluntary winding up – Application for stay of winding up – Where Plaintiff claimed winding up put director in breach of undertaking not to dispose of property – Where company is insolvent – Whether to stay the winding up. Legislation Cited: - Corporations Act 2001 (Cth) ss 95A(2), 286, 471B, 482, 500(2), 511, 1321 - Real Property Act 1900 (NSW) s 57(2) Cases Cited: - Arnold World Trading Pty Ltd v ACN 133 427 335 Pty Ltd [2010] NSWSC 1369 - Australian Securities and Investments Commission v Plymin (No 1) [2003] VSC 123; (2003) 175 FLR 124 - Baird v ACN 079 121 136 Pty Ltd (in liq) [2013] FCA 543 - Bentley Smythe Pty Ltd v Anton Fabrications (NSW) Pty Ltd [2011] NSWSC 186; (2011) 248 FLR 384 - Dubolo Pty Ltd (t/as Fender Signs) v Codrington Investment Corporation Pty Ltd (1998) 26 ACSR 723 - Haviland v Joslow (No 4) Pty Ltd [1979] 2 NSWLR 318 - Lewis v Doran [2005] NSWCA 243; (2005) 219 ALR 555 - Metledge v Bambakit Pty Ltd (in liq) [2005] NSWSC 160 - Re Glass Recycling Pty Ltd [2014] NSWSC 439 - Re Pine Forests of Australia (Canberra) Pty Ltd [2010] NSWSC 1127 - Re SNL Group Pty Ltd (in liq) [2010] NSWSC 797 - Re Warbler Pty Ltd (in liq) (1982) 6 ACLR 526 - Southern Cross Interiors Pty Ltd (in liq) v Deputy Commissioner of Taxation [2001] NSWSC 621; (2001) 53 NSWLR 213 - Vero Workers Compensation (NSW) Ltd v Ferretti Pty Ltd [2006] NSWSC 292; (2006) 57 ACSR 103 - Viscariello v Bernsteen Pty Ltd (in liq) [2004] SASC 266 - Von Risefer v Mainfreight International Pty Ltd [2009] VSCA 129; (2009) 73 ACSR 427 Category: Procedural and other rulings Parties: Nelvin Lal (Plaintiff) Yashvir Singh (First Defendant) Eagle Investment Services Pty Ltd (Second Defendant) John F Surian Pty Ltd trading as Raine & Horne Parramatta (Third Defendant) Representation: Counsel: A M Gruzman (Plaintiff) L C Lin (First Defendant) G D McDonald (Second Defendant) S Weeks (Solicitor - Third Defendant)