In the matter of Therma Truck Pty Limited [2016] NSWSC 266

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Therma Truck Pty Limited [2016] NSWSC 266 Hearing dates: 25 and 26 February 2016 Decision date: 17 March 2016 Jurisdiction: Equity - Corporations List Before: Black J Decision: Application for appointment of provisional liquidator dismissed. Parties to be heard as to costs. Catchwords: CORPORATIONS — Winding up — Application to appoint provisional liquidator under s 472(2) of the Corporations Act 2001 (Cth) — Where Defendants had breached prior undertakings provided to the Court and the Plaintiff – whether there is reasonable likelihood that winding up order would be made at final hearing – whether balance of convenience supports appointment of provisional liquidator. Legislation Cited: - Corporations Act 2001 (Cth), ss 127, 128, 181, 467, 472 Cases Cited: - Ananda Marga Pracaraka Samgha Ltd v Tomar (No 2) [2010] FCA 1342 - Australian Securities and Investments Commission v ActiveSuper Pty Ltd (No 2) [2013] FCA 234; (2013) 93 ACSR 189 - Australian Securities Commission v Solomon (1996) 19 ACSR 73 - Evans & Tait Premium Wines Pty Ltd v Australian Beverage Distributors Pty Ltd [2005] NSWSC 186 - Lubavitch Mazal Pty Ltd v Yeshiva Properties No 1 Pty Ltd [2003] NSWSC 535; (2003) 47 ACSR 197 - Maertin v Klaus Maertin Pty Ltd (2006) 233 ALR 358 - Mavromatis v Haspaz Pty Ltd (1993) 10 ACSR 473 - Nassar v Innovative Precasters Group Pty Ltd [2009] NSWSC 342; (2009) 71 ACSR 343 - Nikolaidis v Camden Retail Pty Ltd [2010] NSWSC 977 - Power v Ekstein [2010] NSWSC 137; (2010) 77 ACSR 302 - Re a Company (No 1126 of 1992) [1994] 2 BCLC 146 - Re Amazon Pest Control Pty Ltd [2012] NSWSC 1568 - Re Back 2 Bay 6 Pty Ltd (1994) 12 ACSR 614 - Re David Ireland Productions Pty Ltd [2014] NSWSC 1411 - Re DG Brims & Sons Pty Ltd [1995] QSC 053; (1995) 16 ACSR 559 - Re Huntford Pty Ltd (1993) 12 ACSR 274 - Re New Cap Reinsurance Corporation Holdings Ltd [1999] NSWSC 536; (1999) 32 ACSR 234 - Re Property Corporate Services Pty Ltd [2004] FCA 175; (2004) 48 ACSR 508 - Roumanus v Orchard Holdings [2007] NSWSC 1480 - Sandalciyan v International Development & Construction Pty Ltd [2010] FCA 1145; (2010) 80 ACSR 31 - Sellar v Lasotav Pty Ltd [2008] FCA 1766 - Triulcio v Chase Property Investments Pty Ltd [2003] NSWSC 861 Texts Cited: - Austin & Black's Annotations to the Corporations Act Category: Procedural and other rulings Parties: Sibila Espinosa (Plaintiff) Therma Truck Pty Limited (First Defendant) James Betzis (Second Defendant) Representation: Counsel: D Krochmalik (Plaintiff) M Karam/G Gee (Defendants)